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 +0.012%

Price spread now: Hyperliquid against Aster−0.145%7-day average +0.146% · 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−$104as in the Price arb table

costs, in and out, $10k−$740.745% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.145%, 7d avg +0.146%

Together, before fees+0.144%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$14 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: Hyperliquid is 0.291% cheaper against Aster than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6570	0.0100	pay 0.0100% / 8h	4h 58m	$10K	$103K	10x
Short	Hyperliquid ENS	6.6473	0.0100	get 0.0013% / 1h	58m 08s	$3.0M	$302K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → +0.146%: −$29.09
Slippage, 4 orders: −$57.46
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$103.56
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from Aster: live order book, 10 min ago; Hyperliquid: live order book, 3 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, 10 min ago	3.75 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	2.47 bp	16.6 bp −$17	doesn't fit	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	−0.0853%	1h	6.6387	−0.274%	$89K	$414K	20x	as long as short
Gate ENS_USDT	+0.0056%	8h	6.6580	+0.015%	$453K	$562K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0093%	8h	6.6290	−0.420%	$2.3M	$3.2M	20x	as long as short
Hyperliquid ENSshort	+0.0100%	1h	6.6473	−0.145%	$3.0M	$302K	5x
Aster ENSUSDTlong	+0.0100%	8h	6.6570	long leg	$10K	$103K	10x
Binance ENSUSDT	+0.0100%	8h	6.6340	−0.345%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6330	−0.360%	$5.3M	$3.6M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6400	−0.255%	$5.4M	$679K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6570	0.000%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6440	−0.195%	$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	6.6570	0.000%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6466	−0.155%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6490	−0.120%	$25K	$598K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6511	−0.089%	$4K	$116K	10x	as long as short
BloFin ENS-USDT	+0.0120%	8h	6.6550	−0.030%	$302K	$73K	20x	as long as short