Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Extended against Binance+0.065%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.065%, 7d avg −0.031%

Together, before fees−0.126%+ Points / potential airdropExtended: Active · farm board−$13 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: Extended is 0.096% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.7770	0.0048	pay 0.0048% / 8h	1h 54m	$5.3M	$13.8M	75x
Short	Extended ENS-USD	6.7814	0.0048	get 0.0006% / 1h	54m 05s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$0.01
Price spread: +0.065% → −0.031%: $9.56
Slippage, 4 orders: −$49
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$54.44
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Extended: live order book, 27 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	11.4 bp −$11	30.8 bp −$308	434.4 bp −$43.4K	doesn't fit
Sell Extended live order book, 27 min ago	3.09 bp	21.0 bp −$21	126.9 bp −$1,269	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	−0.2248%	1h	6.7653	−0.173%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0242%	8h	6.7760	−0.014%	$461K	$562K	75x	as long as short
Variational Omni ENS	−0.0135%	8h	6.7744	−0.038%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0081%	8h	6.7760	−0.014%	$5.4M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0064%	8h	6.7810	+0.060%	$2.9M	$1.3M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0061%	8h	6.7650	−0.177%	$2.4M	$3.4M	20x	as long as short
Aster ENSUSDT	−0.0021%	8h	6.7825	+0.081%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0036%	8h	6.7820	+0.074%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0044%	8h	6.7810	+0.060%	$5.5M	$832K	75x	as long as short
Extended ENS-USDshort	+0.0048%	1h	6.7814	+0.065%	$1K	$181K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDTlong	+0.0048%	8h	6.7770	long leg	$5.3M	$13.8M	75x
BloFin ENS-USDT	+0.0054%	8h	6.7850	+0.119%	$310K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7829	+0.088%	$3.1M	$410K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7840	+0.104%	$1.8M	$139K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7520	−0.368%	$24K	$608K	50x	as long as short