Funding you earn now, next payment 05:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.011%
Price spread now: KuCoin against ApeX Omni−0.030%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1601.604% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.030%, 7d avg −0.007%
=Funding pays, the price is against you. KuCoin is 0.023% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of −0.007%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.130% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ENSUSDT | 6.6770 | −0.0104 | get 0.0013% / 1h | 29m 20s | $25K | $601K | 50x |
| Short | KuCoin ENSUSDTM | 6.6750 | 0.0100 | get 0.0100% / 8h | 3h 29m | $1.8M | $130K | 50x |
ApeX Omni ENSUSDT
KuCoin ENSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.84
- Price spread: −0.030% → −0.007%
- −$2.3
- Slippage, 4 orders
- −$138.37
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$119.83
- Costs to cover
- 1.604%
- Break-even
- 26.6 days
Slippage from ApeX Omni: live order book, 23 min ago; KuCoin: live order book, 2 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, 23 min ago | 6.69 bp | 14.6 bp −$15 | 96.9 bp −$969 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 8.98 bp | 95.3 bp −$95 | 631.9 bp −$6,319 | doesn't fit | 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 | −0.0673% | 1h | 6.6670 | −0.150% | $90K | $405K | 20x | as long as short |
| ApeX Omni ENSUSDTlong | −0.0104% | 1h | 6.6770 | long leg | $25K | $601K | 50x | |
| Gate ENS_USDT | +0.0075% | 8h | 6.6650 | −0.180% | $456K | $561K | 75x | as long as short |
| OKX ENS-USDT-SWAP | +0.0089% | 8h | 6.6600 | −0.255% | $2.4M | $3.3M | 20x | as long as short |
| Hyperliquid ENS | +0.0100% | 1h | 6.6788 | +0.027% | $3.0M | $293K | 5x | as long as short |
| Aster ENSUSDT | +0.0100% | 8h | 6.6717 | −0.080% | $9K | $105K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.6660 | −0.165% | $5.1M | $13.4M | 75x | as long as short |
| Bybit ENSUSDT | +0.0100% | 8h | 6.6630 | −0.210% | $5.4M | $3.6M | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.6660 | −0.165% | $5.9M | $755K | 75x | as long as short |
| KuCoin ENSUSDTMshort | +0.0100% | 8h | 6.6750 | −0.030% | $1.8M | $130K | 50x |
Kraken Futures PF_ENSUSD
Gate ENS_USDT
OKX ENS-USDT-SWAP
Hyperliquid ENS
Aster ENSUSDT
Binance ENSUSDT
Bybit ENSUSDT
MEXC ENS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ENSUSDT | +0.0100% | 8h | 6.6710 | −0.090% | $2.9M | $1.2M | 75x | as long as short |
| BingX ENS-USDT | +0.0100% | 8h | 6.6700 | −0.105% | — | $7.7M | — | as long as short |
| Variational Omni ENS | +0.0100% | 8h | 6.6768 | −0.003% | $107K | $9K | — | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.6683 | −0.130% | $2K | $120K | 10x | as long as short |
| BloFin ENS-USDT | +0.0106% | 8h | 6.6810 | +0.060% | $299K | $74K | 20x | as long as short |
Bitget ENSUSDT
BingX ENS-USDT
Variational Omni ENS
Extended ENS-USD
BloFin ENS-USDT