Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0949%/8h= −104.0% APRpaid last 24h −0.267%

Price spread now: Kraken Futures against Aster−0.130%7-day average +0.046% · 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−$120as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+1.611%+$161 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.130%, 7d avg +0.046%

Together, before fees+1.577%+ Points / potential airdropAster: Stage 5 · farm board+$158 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Kraken Futures is 0.176% cheaper against Aster than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +1.611%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6784	0.0100	pay 0.0100% / 8h	4h 27m	$9K	$105K	10x
Short	Kraken Futures PF_ENSUSD	6.6697	−0.0849	pay 0.0106% / 1h	27m 33s	$90K	$408K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$199.37
Price spread: −0.130% → +0.046%: −$17.59
Slippage, 4 orders: −$83.95
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$318.92
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Aster: live order book, 40 min ago; Kraken Futures: live order book, 30 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, 40 min ago	3.75 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 30 min ago	16.59 bp	33.3 bp −$33	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_ENSUSDshort	−0.0849%	1h	6.6697	−0.130%	$90K	$408K	20x
Gate ENS_USDT	+0.0015%	8h	6.6730	−0.080%	$456K	$563K	75x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6784	long leg	$9K	$105K	10x
Binance ENSUSDT	+0.0100%	8h	6.6747	−0.054%	$5.2M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6670	−0.170%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6700	−0.125%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6720	−0.095%	$5.7M	$713K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6810	+0.039%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6750	−0.050%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6760	−0.035%	—	$7.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6733	−0.075%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6980	+0.294%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6742	−0.063%	$1K	$118K	10x	as long as short
BloFin ENS-USDT	+0.0108%	8h	6.6900	+0.174%	$300K	$74K	20x	as long as short
Hyperliquid ENS	+0.0167%	1h	6.6809	+0.038%	$3.0M	$298K	5x	as long as short