Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance+0.079%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1781.783% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.079%, 7d avg +0.001%

Together, before fees−0.120%−$12 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: KuCoin is 0.078% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.7787	0.0100	pay 0.0100% / 8h	7h 59m	$5.4M	$14.0M	75x
Short	KuCoin ENSUSDTM	6.7840	0.0100	get 0.0100% / 8h	7h 59m	$1.8M	$136K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.001%: $7.77
Slippage, 4 orders: −$156.29
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$170.52
Costs to cover: 1.783%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 6 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, 11 min ago	0.74 bp	11.5 bp −$12	37.9 bp −$379	547.2 bp −$54.7K	doesn't fit
Sell KuCoin live order book, 6 min ago	6.66 bp	67.6 bp −$68	611.5 bp −$6,115	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	−0.1935%	1h	6.7824	+0.055%	$93K	$447K	20x	as long as short
Gate ENS_USDT	−0.0179%	8h	6.7770	−0.025%	$455K	$589K	75x	as long as short
Variational Omni ENS	−0.0046%	8h	6.7666	−0.178%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0041%	8h	6.7730	−0.084%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	+0.0010%	8h	6.7760	−0.040%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	+0.0026%	8h	6.7750	−0.054%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0098%	8h	6.7787	0.000%	$15K	$103K	10x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7943	+0.230%	$3.1M	$413K	5x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.7787	long leg	$5.4M	$14.0M	75x
MEXC ENS_USDT	+0.0100%	8h	6.7800	+0.020%	$5.5M	$860K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTMshort	+0.0100%	8h	6.7840	+0.079%	$1.8M	$136K	50x
BingX ENS-USDT	+0.0100%	8h	6.7780	−0.010%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7710	−0.113%	$25K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7834	+0.069%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0116%	8h	6.7780	−0.010%	$311K	$75K	20x	as long as short