Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.008%

Price spread now: Aster against ApeX Omni+0.023%79s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.023% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. The two prices were read 79 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	ApeX Omni ENSUSDT	6.7900	0.0100	pay 0.0013% / 1h	58m 17s	$24K	$613K	50x
Short	Aster ENSUSDT	6.7916	−0.0020	pay 0.0020% / 8h	2h 58m	$9K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$25.21
Price spread: +0.023% → 0.000%: $2.29
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 29 min ago; Aster: 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 ApeX Omni live order book, 29 min ago	7.36 bp	14.9 bp −$15	103.5 bp −$1,035	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

ENS on 15 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_ENSUSD	−0.2139%	1h	6.7670	−0.339%	$93K	$438K	20x	as long as short
Gate ENS_USDT	−0.0235%	8h	6.7780	−0.177%	$460K	$576K	75x	as long as short
Variational Omni ENS	−0.0160%	8h	6.7781	−0.175%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0131%	8h	6.7690	−0.309%	$5.4M	$3.9M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0039%	8h	6.7750	−0.221%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDTshort	−0.0020%	8h	6.7916	+0.023%	$9K	$87K	10x
Bitget ENSUSDT	+0.0001%	8h	6.7760	−0.206%	$2.9M	$1.3M	75x	as long as short
BloFin ENS-USDT	+0.0018%	8h	6.7900	0.000%	$315K	$74K	20x	as long as short
MEXC ENS_USDT	+0.0047%	8h	6.7840	−0.088%	$5.5M	$815K	75x	as long as short
Extended ENS-USD	+0.0048%	1h	6.7810	−0.133%	$1K	$181K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0049%	8h	6.7755	−0.213%	$5.3M	$13.9M	75x	as long as short
BingX ENS-USDT	+0.0052%	8h	6.7800	−0.147%	—	$3.9M	—	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7978	+0.115%	$3.1M	$419K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7920	+0.029%	$1.8M	$141K	50x	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.7900	long leg	$24K	$613K	50x