Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against MEXC−0.537%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.537% cheaper against MEXC than usual: you would sell low and buy high, −$54 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENJ_USDT	0.02790	0.0100	pay 0.0050% / 4h	16m 16s	$1.7M	$873K	75x
Short	Variational Omni ENJ	0.02775	0.0100	get 0.0100% / 8h	16m 16s	$2K	$19K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.537%Rate

Funding earned: $0
Price spread: −0.537% → 0.000%: −$53.71
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$57.71
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	1.80 bp	13.3 bp −$13	47.9 bp −$479	153.4 bp −$15.3K	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
Kraken Futures PF_ENJUSD	+0.0042%	1h	0.02790	+0.003%	$24K	$13K	20x	as long as short
BloFin ENJ-USDT	+0.0045%	4h	0.02783	−0.251%	$130K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02789	−0.026%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02789	−0.024%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02789	−0.054%	$932K	$554K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02791	+0.036%	$290K	$380K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02788	−0.072%	$109K	$37K	25x	as long as short
MEXC ENJ_USDTlong	+0.0100%	4h	0.02790	long leg	$1.7M	$873K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02789	−0.036%	$391K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02790	0.000%	$703K	$257K	50x	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	0.02775	−0.537%	$2K	$19K	—
Extended ENJ-USD	+0.0104%	1h	0.02788	−0.056%	$4K	$287K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02788	−0.072%	—	$2.4M	—	as long as short