Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: BingX against ApeX Omni+0.196%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)−0.708%−$71 · spread now +0.196%, 7d avg −0.096%

Together, before fees−0.576%−$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.291% dearer against ApeX Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENSUSDT	6.6440	0.0100	pay 0.0013% / 1h	29m 17s	$25K	$599K	50x
Short	BingX ENS-USDT	6.6570	0.0100	get 0.0100% / 8h	6h 29m	—	$7.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.196%Rate

Funding earned: $0
Price spread: +0.196% → −0.096%: $29.13
Slippage, 4 orders: −$45.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.34
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; BingX: live order book, 4 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, 38 min ago	5.90 bp	14.4 bp −$14	102.0 bp −$1,020	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	5.27 bp	20.1 bp −$20	39.0 bp −$390	141.1 bp −$14.1K	451.0 bp −$225.5K

ENS on 14 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	−0.0819%	1h	6.6308	−0.199%	$87K	$445K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0092%	8h	6.6340	−0.151%	$2.3M	$3.5M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6570	+0.196%	$10K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6509	+0.103%	$5.1M	$14.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6510	+0.105%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6470	+0.045%	$458K	$567K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6580	+0.211%	$5.4M	$777K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6550	+0.166%	$1.8M	$144K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6510	+0.105%	$2.9M	$1.4M	75x	as long as short
BingX ENS-USDTshort	+0.0100%	8h	6.6570	+0.196%	—	$7.8M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6380	−0.091%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.6440	long leg	$25K	$599K	50x
Extended ENS-USD	+0.0104%	1h	6.6539	+0.149%	$6K	$113K	10x	as long as short
Hyperliquid ENS	+0.0170%	1h	6.6565	+0.188%	$3.0M	$313K	5x	as long as short