Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: Extended against BingX+0.031%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.031%, 7d avg +0.009%

Together, before fees−0.069%+ Points / potential airdropExtended: Active · farm board−$7 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: Extended is 0.021% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.7640	0.0068	pay 0.0068% / 8h	1h 17m	—	$3.7M	—
Short	Extended ENS-USD	6.7661	0.0072	get 0.0009% / 1h	17m 03s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0.84
Price spread: +0.031% → +0.009%: $2.14
Slippage, 4 orders: −$57.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.85
Costs to cover: 0.728%
Break-even: 589.1 days

Slippage from BingX: live order book, 8 min ago; Extended: live order book, 64 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, 8 min ago	3.70 bp	16.8 bp −$17	35.6 bp −$356	274.5 bp −$27.5K	468.0 bp −$234.0K
Sell Extended live order book, 64 min ago	3.09 bp	21.0 bp −$21	126.9 bp −$1,269	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	−0.2252%	1h	6.7540	−0.148%	$91K	$435K	20x	as long as short
Gate ENS_USDT	−0.0208%	8h	6.7630	−0.015%	$460K	$565K	75x	as long as short
Variational Omni ENS	−0.0125%	8h	6.7617	−0.035%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0084%	8h	6.7660	+0.030%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0071%	8h	6.7650	+0.015%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0067%	8h	6.7590	−0.074%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0005%	8h	6.7683	+0.063%	$8K	$89K	10x	as long as short
BloFin ENS-USDT	+0.0043%	8h	6.7580	−0.089%	$308K	$73K	20x	as long as short
MEXC ENS_USDT	+0.0067%	8h	6.7680	+0.059%	$5.6M	$850K	75x	as long as short
BingX ENS-USDTlong	+0.0068%	8h	6.7640	long leg	—	$3.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0070%	8h	6.7674	+0.050%	$5.3M	$13.4M	75x	as long as short
Extended ENS-USDshort	+0.0072%	1h	6.7661	+0.031%	$1K	$181K	10x
Hyperliquid ENS	+0.0100%	1h	6.7837	+0.291%	$3.1M	$408K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7690	+0.074%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7740	+0.148%	$24K	$606K	50x	as long as short