Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.5196%/8h= −569.0% APRpaid last 24h −0.049%

Price spread now: Variational Omni against Kraken Futures−0.688%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Both sides work against this trade now: funding costs −$156 a day on $10k at the current rate, and Variational Omni is 0.688% cheaper against Kraken Futures than usual: you would sell low and buy high (−$69 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02851	0.5296	pay 0.0662% / 1h	30m 24s	$26K	$8K	20x
Short	Variational Omni ENJ	0.02831	0.0100	get 0.0100% / 8h	5h 30m	$19K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.688%Rate

Funding earned: −$1,091.21
Price spread: −0.688% → 0.000%: −$68.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1,170
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and 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-USDT	+0.0099%	4h	0.02828	−0.808%	$133K	$86K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02833	−0.621%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02833	−0.625%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02833	−0.647%	$965K	$595K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02833	−0.632%	$294K	$456K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02832	−0.668%	$109K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02833	−0.632%	$2.0M	$771K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02833	−0.632%	$398K	$70K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02833	−0.632%	$711K	$232K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02832	−0.668%	—	$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	0.02831	−0.688%	$19K	$2K	—
Extended ENJ-USD	+0.0104%	1h	0.02832	−0.653%	$4K	$184K	5x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5296%	1h	0.02851	long leg	$26K	$8K	20x