Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BingX+0.015%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.558% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 7 days+0.035%+$3 · spread now +0.015%, 7d avg +0.037%
Together, before fees−0.004%$0 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: Binance is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ENS-USDT6.76700.0036pay 0.0036% / 8h2h 40m$3.8M
ShortBinance ENSUSDT6.76800.0040get 0.0040% / 8h2h 40m$5.3M$13.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0.94
Price spread: +0.015% → +0.037%
−$2.23
Slippage, 4 orders
−$35.78
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$57.07
Costs to cover
0.558%
Break-even
431.7 days
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago3.70 bp16.0 bp −$1631.2 bp −$312241.3 bp −$24.1K459.8 bp −$229.9K
Sell Binance live order book, 15 min ago0.74 bp11.9 bp −$1242.7 bp −$427269.6 bp −$27.0Kdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.2140%1h6.7625−0.066%$92K$436K20xas long as short
Gate ENS_USDT−0.0255%8h6.76700.000%$460K$576K75xas long as short
Variational Omni ENS−0.0162%8h6.7550−0.177%$111K$6Kas long as short
Bybit ENSUSDT−0.0140%8h6.7590−0.118%$5.4M$3.8M75xas long as short
OKX ENS-USDT-SWAP−0.0047%8h6.76700.000%$2.4M$3.5M20xas long as short
Aster ENSUSDT−0.0033%8h6.7661−0.014%$9K$88K10xas long as short
Bitget ENSUSDT−0.0020%8h6.7610−0.089%$2.9M$1.3M75xas long as short
ApeX Omni ENSUSDT−0.0019%1h6.7710+0.059%$24K$612K50xas long as short
BingX ENS-USDTlong+0.0036%8h6.7670long leg$3.8M
Extended ENS-USD+0.0040%1h6.7655−0.023%$1K$181K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ENS_USDT+0.0040%8h6.7660−0.015%$5.5M$822K75xas long as short
Binance ENSUSDTshort+0.0040%8h6.7680+0.015%$5.3M$13.8M75x
BloFin ENS-USDT+0.0043%8h6.7660−0.015%$314K$73K20xas long as short
Hyperliquid ENS+0.0100%1h6.7835+0.244%$3.1M$415K5xas long as short
KuCoin ENSUSDTM+0.0100%8h6.7700+0.044%$1.8M$140K50xas long as short