Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.002%

Price spread now: BloFin against Variational Omni+0.124%101s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on BloFin

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. BloFin is 0.124% dearer against Variational Omni than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 30 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENJ	0.02787	0.0100	pay 0.0100% / 8h	7h 27m	$2K	$19K	—
Short	BloFin ENJ-USDT	0.02790	0.0086	get 0.0043% / 4h	3h 27m	$130K	$101K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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 Variational OmnibpFee BloFinbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$2.89
Price spread: +0.124% → 0.000%: $12.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.47
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 29 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 BloFin live order book, 29 min ago	3.58 bp	15.9 bp −$16	48.5 bp −$485	doesn't fit	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
BloFin ENJ-USDTshort	+0.0086%	4h	0.02790	+0.124%	$130K	$101K	50x
Aster ENJUSDT	+0.0100%	4h	0.02790	+0.136%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02793	+0.230%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02789	+0.088%	$931K	$557K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02794	+0.268%	$286K	$384K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02792	+0.196%	$109K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02793	+0.232%	$1.7M	$890K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02796	+0.339%	$392K	$63K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02793	+0.232%	$704K	$253K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02791	+0.160%	—	$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 ENJlong	+0.0100%	8h	0.02787	long leg	$2K	$19K	—
Kraken Futures PF_ENJUSD	+0.0102%	1h	0.02794	+0.263%	$24K	$13K	20x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02792	+0.202%	$4K	$292K	5x	as long as short