Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against BingX−0.368%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.484%+$48 · spread now −0.368%, 7d avg +0.092%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.459% cheaper against BingX than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of +0.092%). If the spread goes back, that is −$46 on $10k: about 2 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.8000	0.0075	pay 0.0075% / 8h	1h 10m	—	$3.7M	—
Short	ApeX Omni ENSUSDT	6.7750	0.0100	get 0.0013% / 1h	10m 59s	$24K	$607K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.368%Rate

Funding earned: $5.25
Price spread: −0.368% → +0.092%: −$45.92
Slippage, 4 orders: −$46.22
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$106.89
Costs to cover: 0.662%
Break-even: 149.5 days

Slippage from BingX: live order book, 3 min ago; ApeX Omni: live order book, 7 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 BingX live order book, 3 min ago	5.17 bp	17.9 bp −$18	36.9 bp −$369	243.5 bp −$24.4K	445.5 bp −$222.7K
Sell ApeX Omni live order book, 7 min ago	5.17 bp	13.9 bp −$14	98.8 bp −$988	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	−0.2240%	1h	6.7895	−0.154%	$94K	$447K	20x	as long as short
Gate ENS_USDT	−0.0198%	8h	6.8030	+0.044%	$451K	$575K	75x	as long as short
Variational Omni ENS	−0.0120%	8h	6.7597	−0.593%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0085%	8h	6.7960	−0.059%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0062%	8h	6.8050	+0.074%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0060%	8h	6.7930	−0.103%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0019%	8h	6.8078	+0.114%	$8K	$93K	10x	as long as short
BloFin ENS-USDT	+0.0049%	8h	6.8000	0.000%	$313K	$73K	20x	as long as short
BingX ENS-USDTlong	+0.0075%	8h	6.8000	long leg	—	$3.7M	—
MEXC ENS_USDT	+0.0077%	8h	6.8000	0.000%	$5.6M	$865K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0077%	8h	6.7990	−0.015%	$5.5M	$13.7M	75x	as long as short
Extended ENS-USD	+0.0080%	1h	6.8007	+0.010%	$1K	$181K	10x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.8120	+0.176%	$3.1M	$413K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.8070	+0.103%	$1.8M	$142K	50x	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.7750	−0.368%	$24K	$607K	50x