Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: OKX against ApeX Omni−0.030%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.030%, 7d avg −0.104%

Together, before fees+0.071%+$7 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: OKX is 0.074% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENSUSDT	6.6300	0.0100	pay 0.0013% / 1h	45m 15s	$25K	$598K	50x
Short	OKX ENS-USDT-SWAP	6.6280	0.0100	get 0.0100% / 8h	4h 45m	$2.3M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.104%: $7.38
Slippage, 4 orders: −$47.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.37
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; OKX: 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, 12 min ago	7.53 bp	15.4 bp −$15	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.75 bp	20.2 bp −$20	102.7 bp −$1,027	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	−0.0855%	1h	6.6271	−0.043%	$89K	$410K	20x	as long as short
Gate ENS_USDT	−0.0010%	8h	6.6250	−0.075%	$451K	$563K	75x	as long as short
BloFin ENS-USDT	+0.0079%	8h	6.6360	+0.090%	$301K	$73K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6350	+0.075%	$11K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6344	+0.066%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6280	−0.030%	$5.3M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAPshort	+0.0100%	8h	6.6280	−0.030%	$2.3M	$3.3M	20x
MEXC ENS_USDT	+0.0100%	8h	6.6330	+0.045%	$5.4M	$679K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6380	+0.121%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6310	+0.015%	$2.9M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6310	+0.015%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6303	+0.004%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.6300	long leg	$25K	$598K	50x
Extended ENS-USD	+0.0104%	1h	6.6320	+0.031%	$1K	$118K	10x	as long as short
Hyperliquid ENS	+0.0185%	1h	6.6439	+0.210%	$3.0M	$301K	5x	as long as short