Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against BloFin−0.039%7-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 3 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 0.039% cheaper against BloFin than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENJ-USDT	0.02817	0.0087	pay 0.0044% / 4h	1h 58m	$138K	$61K	50x
Short	Variational Omni ENJ	0.02816	0.0100	get 0.0100% / 8h	1h 58m	$19K	$2K	—

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 −0.039%Rate

Funding earned: $2.73
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.17
Costs to cover: 0.120%
Break-even: 40.8 days

Slippage unknown: BloFin: live order book, 15 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, 15 min ago	1.77 bp	27.4 bp −$27	63.2 bp −$632	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	+0.0087%	4h	0.02817	long leg	$138K	$61K	50x
Aster ENJUSDT	+0.0100%	4h	0.02822	+0.182%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02820	+0.106%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02820	+0.106%	$962K	$577K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02821	+0.142%	$296K	$431K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02821	+0.142%	$110K	$31K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02820	+0.106%	$2.0M	$743K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02821	+0.142%	$398K	$77K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02821	+0.142%	$699K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02820	+0.106%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJshort	+0.0100%	8h	0.02816	−0.039%	$19K	$2K	—
Extended ENJ-USD	+0.0104%	1h	0.02820	+0.089%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5442%	1h	0.02837	+0.695%	$26K	$8K	20x	as long as short