Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.005%

Price spread now: BingX against Variational Omni−0.107%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

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. BingX is 0.107% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENJ	0.02812	0.0100	pay 0.0100% / 8h	3h 27m	$3K	$19K	—
Short	BingX ENJ-USDT	0.02809	0.0200	get 0.0100% / 4h	3h 27m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $21
Price spread: −0.107% → 0.000%: −$10.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.3
Costs to cover: 0.100%
Break-even: 6.9 days

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 7 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	26.67 bp	46.5 bp −$47	82.7 bp −$827	775.8 bp −$77.6K	doesn't fit

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
Aster ENJUSDT	+0.0100%	4h	0.02810	−0.089%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02807	−0.178%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02804	−0.278%	$942K	$612K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02806	−0.214%	$292K	$413K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02809	−0.107%	$108K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02807	−0.178%	$1.9M	$846K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02813	+0.035%	$396K	$68K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02809	−0.107%	$692K	$262K	50x	as long as short
Variational Omni ENJlong	+0.0100%	8h	0.02812	long leg	$3K	$19K	—
Extended ENJ-USD	+0.0104%	1h	0.02805	−0.238%	$3K	$192K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0117%	4h	0.02813	+0.035%	$132K	$102K	50x	as long as short
BingX ENJ-USDTshort	+0.0200%	4h	0.02809	−0.107%	—	$2.4M	—
Kraken Futures PF_ENJUSD	+0.6143%	1h	0.02826	+0.515%	$26K	$8K	20x	as long as short