Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: ApeX Omni against Binance−0.015%99s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.579% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.015%, 7d avg +0.050%

Together, before fees−0.075%−$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: ApeX Omni is 0.065% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 99 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	Binance ENSUSDT	6.7620	0.0100	pay 0.0100% / 8h	7h 39m	$5.4M	$13.8M	75x
Short	ApeX Omni ENSUSDT	6.7610	0.0100	get 0.0013% / 1h	39m 47s	$25K	$606K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.050%: −$6.46
Slippage, 4 orders: −$37.9
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.35
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; ApeX Omni: live order book, 33 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 Binance live order book, 16 min ago	0.74 bp	14.2 bp −$14	43.6 bp −$436	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	6.67 bp	14.0 bp −$14	104.9 bp −$1,049	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	−0.1391%	1h	6.7589	−0.047%	$91K	$446K	20x	as long as short
Variational Omni ENS	−0.0014%	8h	6.7480	−0.208%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0004%	8h	6.7600	−0.030%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	+0.0040%	8h	6.7610	−0.015%	$2.9M	$1.3M	75x	as long as short
BloFin ENS-USDT	+0.0086%	8h	6.7570	−0.074%	$312K	$74K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7617	−0.004%	$15K	$103K	10x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.7620	long leg	$5.4M	$13.8M	75x
Bybit ENSUSDT	+0.0100%	8h	6.7560	−0.089%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.7500	−0.177%	$456K	$570K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7620	0.000%	$5.5M	$862K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.7630	+0.015%	$1.8M	$131K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7590	−0.044%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.7610	−0.015%	$25K	$606K	50x
Extended ENS-USD	+0.0104%	1h	6.7611	−0.014%	$2K	$167K	10x	as long as short
Hyperliquid ENS	+0.0363%	1h	6.7755	+0.200%	$3.1M	$367K	5x	as long as short