Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.001%

Price spread now: Variational Omni against BloFin−0.197%101s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.197% cheaper against BloFin than usual: you would sell low and buy high (spread −0.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 32 days of funding at the current rate (+$1 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENJ-USDT	0.02787	0.0080	pay 0.0040% / 4h	1h 45m	$130K	$101K	50x
Short	Variational Omni ENJ	0.02782	0.0100	get 0.0100% / 8h	1h 45m	$2K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.197%Rate

Funding earned: $4.26
Price spread: −0.197% → 0.000%: −$19.69
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.43
Costs to cover: 0.120%
Break-even: 52.1 days

Slippage unknown: BloFin: live order book, 21 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 21 min ago	3.58 bp	11.2 bp −$11	35.9 bp −$359	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENJ on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDTlong	+0.0080%	4h	0.02787	long leg	$130K	$101K	50x
Aster ENJUSDT	+0.0100%	4h	0.02784	−0.093%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02784	−0.108%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02782	−0.179%	$931K	$553K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02785	−0.072%	$291K	$392K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02787	0.000%	$107K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02783	−0.144%	$1.8M	$854K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02788	+0.036%	$392K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02783	−0.144%	$702K	$274K	50x	as long as short
Variational Omni ENJshort	+0.0100%	8h	0.02782	−0.197%	$2K	$20K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02781	−0.215%	$413	$278K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02785	−0.072%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.0868%	1h	0.02785	−0.077%	$24K	$13K	20x	as long as short