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: Variational Omni against BingX+0.142%7-day average — · you sell dearer than you buy

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

Long on BingX 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

The price spread pays, funding is against you. Variational Omni is 0.142% dearer against BingX than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENJ-USDT	0.02786	0.0200	pay 0.0100% / 4h	38m 28s	—	$2.4M	—
Short	Variational Omni ENJ	0.02790	0.0100	get 0.0100% / 8h	38m 28s	$2K	$19K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.142%Rate

Funding earned: −$21
Price spread: +0.142% → 0.000%: $14.2
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.8
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	8.97 bp	59.4 bp −$59	91.7 bp −$917	584.5 bp −$58.5K	1016.0 bp −$508.0K
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
Kraken Futures PF_ENJUSD	+0.0042%	1h	0.02790	+0.139%	$24K	$13K	20x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02789	+0.094%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02788	+0.076%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02786	+0.014%	$932K	$557K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02789	+0.108%	$290K	$384K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02790	+0.144%	$109K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02787	+0.036%	$1.8M	$862K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02791	+0.179%	$392K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02789	+0.108%	$703K	$256K	50x	as long as short
Variational Omni ENJshort	+0.0100%	8h	0.02790	+0.142%	$2K	$19K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0101%	4h	0.02793	+0.251%	$129K	$101K	50x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02786	+0.016%	$374	$283K	5x	as long as short
BingX ENJ-USDTlong	+0.0200%	4h	0.02786	long leg	—	$2.4M	—