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

ENS

all ENS markets
SwapBacktest
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 −0.024%
Price spread now: Bybit against BingX−0.045%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$720.720% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 7 days+0.031%+$3 · spread now −0.045%, 7d avg −0.040%
Together, before fees+0.006%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ENS-USDT6.59500.0100pay 0.0100% / 8h2h 43m$7.7M
ShortBybit ENSUSDT6.59200.0100get 0.0100% / 8h2h 43m$5.3M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
Price spread: −0.045% → −0.040%
−$0.54
Slippage, 4 orders
−$51.01
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$72.55
Costs to cover
0.720%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago6.05 bp17.5 bp −$1732.2 bp −$322268.9 bp −$26.9K511.7 bp −$255.8K
Sell Bybit live order book, 5 min ago1.51 bp18.3 bp −$1855.8 bp −$558doesn't fitdoesn'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−0.1032%1h6.5891−0.090%$90K$381K20xas long as short
Gate ENS_USDT+0.0034%8h6.5960+0.015%$458K$566K75xas long as short
OKX ENS-USDT-SWAP+0.0061%8h6.5880−0.106%$2.3M$3.4M20xas long as short
Aster ENSUSDT+0.0100%8h6.6034+0.127%$9K$105K10xas long as short
Binance ENSUSDT+0.0100%8h6.5965+0.022%$5.1M$13.5M75xas long as short
Bybit ENSUSDTshort+0.0100%8h6.5920−0.045%$5.3M$3.4M75x
MEXC ENS_USDT+0.0100%8h6.5990+0.061%$6.1M$864K75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.6020+0.106%$1.7M$122K50xas long as short
Bitget ENSUSDT+0.0100%8h6.6000+0.076%$2.9M$1.2M75xas long as short
BingX ENS-USDTlong+0.0100%8h6.5950long leg$7.7M
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ENS+0.0100%8h6.5938−0.017%$106K$9Kas long as short
ApeX Omni ENSUSDT+0.0100%1h6.6070+0.182%$24K$603K50xas long as short
Extended ENS-USD+0.0104%1h6.5984+0.051%$3K$259K10xas long as short
BloFin ENS-USDT+0.0109%8h6.5880−0.106%$295K$78K20xas long as short
Hyperliquid ENS+0.0279%1h6.6087+0.208%$3.0M$294K5xas long as short