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 −0.005%

Price spread now: Aster against BingX+0.014%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.014%, 7d avg +0.049%

Together, before fees+0.031%+ Points / potential airdropAster: Stage 5 · farm board+$3 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: Aster is 0.036% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.6040	0.0100	pay 0.0100% / 8h	24m 29s	—	$7.5M	—
Short	Aster ENSUSDT	6.6049	0.0100	get 0.0100% / 8h	24m 29s	$8K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.049%: −$3.59
Slippage, 4 orders: −$57.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$78.9
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Aster: live order book, 23 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	5.28 bp	15.0 bp −$15	29.8 bp −$298	236.7 bp −$23.7K	486.1 bp −$243.1K
Sell Aster live order book, 23 min ago	7.49 bp	19.5 bp −$19	doesn't fit	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	−0.1036%	1h	6.6040	0.000%	$90K	$352K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0030%	8h	6.6000	−0.061%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0051%	8h	6.6060	+0.030%	$461K	$571K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6156	+0.176%	$3.0M	$292K	5x	as long as short
Aster ENSUSDTshort	+0.0100%	8h	6.6049	+0.014%	$8K	$104K	10x
Binance ENSUSDT	+0.0100%	8h	6.6030	−0.015%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6010	−0.045%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6000	−0.061%	$6.8M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6130	+0.136%	$1.7M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6050	+0.015%	$2.9M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDTlong	+0.0100%	8h	6.6040	long leg	—	$7.5M	—
Variational Omni ENS	+0.0100%	8h	6.6063	+0.034%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6220	+0.273%	$24K	$606K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6012	−0.043%	$2K	$250K	10x	as long as short
BloFin ENS-USDT	+0.0127%	8h	6.6140	+0.151%	$294K	$76K	20x	as long as short