Funding you earn now, next payment 00:00 UTC−0.0333%/8h= −36.5% APRnext payment −$3.33 per $10,000 · paid last 24h +0.001%
Price spread now: Gate against Binance+0.207%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$770.766% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.207%, 7d avg −0.045%
=The price spread pays, funding is against you. Gate is 0.252% dearer against Binance than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of −0.045%): +$25 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ENSUSDT | 6.7720 | 0.0100 | pay 0.0100% / 8h | 35m 33s | $5.5M | $13.8M | 75x |
| Short | Gate ENS_USDT | 6.7860 | −0.0233 | pay 0.0233% / 8h | 35m 33s | $450K | $576K | 75x |
Binance ENSUSDT
Gate ENS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$69.93
- Price spread: +0.207% → −0.045%
- $25.17
- Slippage, 4 orders
- −$51.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$121.37
- Costs to cover
- 0.766%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 40 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, 5 min ago | 0.74 bp | 16.3 bp −$16 | 44.8 bp −$448 | 531.5 bp −$53.2K | doesn't fit |
| Sell Gate live order book, 40 min ago | 5.17 bp | 26.8 bp −$27 | 107.3 bp −$1,073 | 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 | −0.1940% | 1h | 6.7679 | −0.060% | $93K | $446K | 20x | as long as short |
| Gate ENS_USDTshort | −0.0233% | 8h | 6.7860 | +0.207% | $450K | $576K | 75x | |
| Variational Omni ENS | −0.0093% | 8h | 6.7672 | −0.071% | $111K | $5K | — | as long as short |
| OKX ENS-USDT-SWAP | −0.0087% | 8h | 6.7700 | −0.030% | $2.4M | $3.5M | 20x | as long as short |
| Bitget ENSUSDT | −0.0042% | 8h | 6.7650 | −0.103% | $2.9M | $1.3M | 75x | as long as short |
| Bybit ENSUSDT | −0.0023% | 8h | 6.7670 | −0.074% | $5.4M | $3.8M | 75x | as long as short |
| Aster ENSUSDT | +0.0042% | 8h | 6.7868 | +0.219% | $10K | $97K | 10x | as long as short |
| BloFin ENS-USDT | +0.0079% | 8h | 6.7810 | +0.133% | $320K | $75K | 20x | as long as short |
| Binance ENSUSDTlong | +0.0100% | 8h | 6.7720 | long leg | $5.5M | $13.8M | 75x | |
| MEXC ENS_USDT | +0.0100% | 8h | 6.7720 | 0.000% | $5.6M | $856K | 75x | as long as short |
Kraken Futures PF_ENSUSD
Variational Omni ENS
OKX ENS-USDT-SWAP
Bitget ENSUSDT
Bybit ENSUSDT
Aster ENSUSDT
BloFin ENS-USDT
MEXC ENS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.7810 | +0.133% | $1.8M | $138K | 50x | as long as short |
| BingX ENS-USDT | +0.0100% | 8h | 6.7670 | −0.074% | — | $3.6M | — | as long as short |
| ApeX Omni ENSUSDT | +0.0100% | 1h | 6.7950 | +0.340% | $24K | $608K | 50x | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.7707 | −0.020% | $1K | $181K | 10x | as long as short |
| Hyperliquid ENS | +0.0265% | 1h | 6.7892 | +0.254% | $3.1M | $410K | 5x | as long as short |
KuCoin ENSUSDTM
BingX ENS-USDT
ApeX Omni ENSUSDT
Extended ENS-USD
Hyperliquid ENS