Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.010%

Price spread now: Binance against ApeX Omni+0.085%49s7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.540% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.085%, 7d avg −0.050%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.135% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 49 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	6.7740	0.0015	pay 0.0002% / 1h	34m 37s	$24K	$612K	50x
Short	Binance ENSUSDT	6.7798	0.0044	get 0.0044% / 8h	2h 34m	$5.3M	$13.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $6.04
Price spread: +0.085% → −0.050%: $13.54
Slippage, 4 orders: −$34.05
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.47
Costs to cover: 0.540%
Break-even: 47.0 days

Slippage from ApeX Omni: live order book, 53 min ago; Binance: live order book, 6 min ago.

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, 53 min ago	7.36 bp	14.9 bp −$15	103.5 bp −$1,035	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.74 bp	10.9 bp −$11	33.1 bp −$331	249.9 bp −$25.0K	doesn't fit

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	−0.2138%	1h	6.7694	−0.068%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0235%	8h	6.7690	−0.074%	$460K	$576K	75x	as long as short
Variational Omni ENS	−0.0163%	8h	6.7618	−0.181%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0128%	8h	6.7740	0.000%	$5.4M	$3.8M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0045%	8h	6.7730	−0.015%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	−0.0031%	8h	6.7755	+0.022%	$9K	$89K	10x	as long as short
Bitget ENSUSDT	−0.0016%	8h	6.7750	+0.015%	$2.9M	$1.3M	75x	as long as short
ApeX Omni ENSUSDTlong	+0.0015%	1h	6.7740	long leg	$24K	$612K	50x
BingX ENS-USDT	+0.0039%	8h	6.7780	+0.059%	—	$3.8M	—	as long as short
Extended ENS-USD	+0.0040%	1h	6.7782	+0.061%	$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
MEXC ENS_USDT	+0.0041%	8h	6.7800	+0.089%	$5.5M	$822K	75x	as long as short
Binance ENSUSDTshort	+0.0044%	8h	6.7798	+0.085%	$5.3M	$13.8M	75x
BloFin ENS-USDT	+0.0054%	8h	6.7780	+0.059%	$312K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7919	+0.264%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7780	+0.059%	$1.8M	$140K	50x	as long as short