Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Aster−0.068%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.068%, 7d avg −0.091%

Together, before fees−0.014%+ Points / potential airdropAster: Stage 5 · farm board−$1 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: Bybit is 0.022% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6545	0.0100	pay 0.0100% / 8h	2h 00m	$9K	$105K	10x
Short	Bybit ENSUSDT	6.6500	0.0100	get 0.0100% / 8h	2h 00m	$5.4M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.091%: $2.24
Slippage, 4 orders: −$53.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$70.35
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Aster: live order book, 57 min ago; Bybit: 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 Aster live order book, 57 min ago	4.52 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.50 bp	12.1 bp −$12	42.2 bp −$422	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	−0.1022%	1h	6.6539	−0.010%	$91K	$373K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0082%	8h	6.6490	−0.083%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0099%	8h	6.6570	+0.037%	$462K	$572K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6651	+0.159%	$3.0M	$295K	5x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6545	long leg	$9K	$105K	10x
Binance ENSUSDT	+0.0100%	8h	6.6566	+0.031%	$5.1M	$13.6M	75x	as long as short
Bybit ENSUSDTshort	+0.0100%	8h	6.6500	−0.068%	$5.4M	$3.4M	75x
MEXC ENS_USDT	+0.0100%	8h	6.6570	+0.037%	$6.2M	$871K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6600	+0.082%	$1.8M	$119K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6510	−0.053%	$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	6.6540	−0.008%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6478	−0.102%	$106K	$9K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6780	+0.353%	$24K	$604K	50x	as long as short
BloFin ENS-USDT	+0.0102%	8h	6.6520	−0.038%	$292K	$80K	20x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6551	+0.008%	$3K	$258K	10x	as long as short