Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.023%

Price spread now: Variational Omni against ApeX Omni−0.248%73s7-day average −0.126% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.248%, 7d avg −0.126%

Together, before fees+0.195%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.121% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.126%). Swap the legs. The two prices were read 73 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	6.7760	−0.0046	get 0.0006% / 1h	28m 14s	$24K	$607K	50x
Short	Variational Omni ENS	6.7592	−0.0090	pay 0.0090% / 8h	28m 14s	$111K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.248%Rate

Funding earned: −$9.35
Price spread: −0.248% → −0.126%: −$12.14
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 50 min ago; Variational Omni: RFQ quote, 51 min ago. 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, 50 min ago	5.17 bp	15.1 bp −$15	91.9 bp −$919	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 51 min ago	7.14 bp	doesn't fit	36.7 bp −$367	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	−0.1947%	1h	6.7405	−0.524%	$92K	$447K	20x	as long as short
Gate ENS_USDT	−0.0251%	8h	6.7400	−0.531%	$458K	$585K	75x	as long as short
Variational Omni ENSshort	−0.0090%	8h	6.7592	−0.248%	$111K	$5K	—
OKX ENS-USDT-SWAP	−0.0077%	8h	6.7430	−0.487%	$2.4M	$3.4M	20x	as long as short
ApeX Omni ENSUSDTlong	−0.0046%	1h	6.7760	long leg	$24K	$607K	50x
Bitget ENSUSDT	−0.0036%	8h	6.7410	−0.517%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0018%	8h	6.7400	−0.531%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0034%	8h	6.7509	−0.370%	$10K	$97K	10x	as long as short
BloFin ENS-USDT	+0.0082%	8h	6.7460	−0.443%	$318K	$74K	20x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7460	−0.443%	$5.5M	$13.9M	75x	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	+0.0100%	8h	6.7470	−0.428%	$5.5M	$860K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7470	−0.428%	$1.8M	$138K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7450	−0.457%	—	$3.6M	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.7448	−0.461%	$1K	$181K	10x	as long as short
Hyperliquid ENS	+0.0286%	1h	6.7617	−0.211%	$3.1M	$412K	5x	as long as short