Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.540%

Price spread now: Kraken Futures against Variational Omni+0.216%7-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 Kraken Futures

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. Kraken Futures is 0.216% dearer against Variational Omni than usual: you sell high and buy low (spread +0.216% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENJ	0.02786	0.0100	pay 0.0100% / 8h	13m 18s	$2K	$19K	—
Short	Kraken Futures PF_ENJUSD	0.02792	0.0042	get 0.0005% / 1h	13m 18s	$24K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$12.25
Price spread: +0.216% → 0.000%: $21.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.7
Costs to cover: 0.100%
Break-even: from the start

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

Variational Omni and Kraken Futures: 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_ENJUSDshort	+0.0042%	1h	0.02792	+0.216%	$24K	$13K	20x
Aster ENJUSDT	+0.0100%	4h	0.02791	+0.179%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02790	+0.159%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02789	+0.105%	$932K	$551K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02789	+0.105%	$290K	$379K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02789	+0.105%	$109K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02790	+0.141%	$1.7M	$873K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02793	+0.249%	$392K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02792	+0.213%	$704K	$258K	50x	as long as short
Variational Omni ENJlong	+0.0100%	8h	0.02786	long leg	$2K	$19K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02790	+0.150%	$4K	$287K	5x	as long as short
BloFin ENJ-USDT	+0.0113%	4h	0.02792	+0.213%	$130K	$101K	50x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02788	+0.069%	—	$2.4M	—	as long as short