Funding you earn now, next payment 00:00 UTC−0.0288%/8h= −31.5% APRnext payment −$2.88 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against BingX+0.118%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.118%, 7d avg −0.005%
=The price spread pays, funding is against you. Gate is 0.124% dearer against BingX than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.005%): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.037% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ENS-USDT | 6.7620 | 0.0036 | pay 0.0036% / 8h | 2h 41m | — | $3.8M | — |
| Short | Gate ENS_USDT | 6.7700 | −0.0252 | pay 0.0252% / 8h | 2h 41m | $460K | $576K | 75x |
BingX ENS-USDT
Gate ENS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$60.48
- Price spread: +0.118% → −0.005%
- $12.36
- Slippage, 4 orders
- −$57.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$130.24
- Costs to cover
- 0.821%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Gate: live order book, 44 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, 9 min ago | 3.70 bp | 16.0 bp −$16 | 31.2 bp −$312 | 241.3 bp −$24.1K | 459.8 bp −$229.9K |
| Sell Gate live order book, 44 min ago | 4.43 bp | 28.9 bp −$29 | 99.3 bp −$993 | 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 | −0.2139% | 1h | 6.7660 | +0.059% | $92K | $436K | 20x | as long as short |
| Gate ENS_USDTshort | −0.0252% | 8h | 6.7700 | +0.118% | $460K | $576K | 75x | |
| Variational Omni ENS | −0.0166% | 8h | 6.7595 | −0.036% | $111K | $6K | — | as long as short |
| Bybit ENSUSDT | −0.0138% | 8h | 6.7630 | +0.015% | $5.4M | $3.8M | 75x | as long as short |
| OKX ENS-USDT-SWAP | −0.0049% | 8h | 6.7600 | −0.030% | $2.4M | $3.5M | 20x | as long as short |
| Aster ENSUSDT | −0.0033% | 8h | 6.7678 | +0.086% | $9K | $88K | 10x | as long as short |
| ApeX Omni ENSUSDT | −0.0019% | 1h | 6.7710 | +0.133% | $24K | $612K | 50x | as long as short |
| Bitget ENSUSDT | −0.0018% | 8h | 6.7600 | −0.030% | $2.9M | $1.3M | 75x | as long as short |
| BloFin ENS-USDT | +0.0028% | 8h | 6.7670 | +0.074% | $314K | $73K | 20x | as long as short |
| BingX ENS-USDTlong | +0.0036% | 8h | 6.7620 | long leg | — | $3.8M | — |
Kraken Futures PF_ENSUSD
Variational Omni ENS
Bybit ENSUSDT
OKX ENS-USDT-SWAP
Aster ENSUSDT
ApeX Omni ENSUSDT
Bitget ENSUSDT
BloFin ENS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ENS_USDT | +0.0037% | 8h | 6.7650 | +0.044% | $5.5M | $822K | 75x | as long as short |
| Extended ENS-USD | +0.0040% | 1h | 6.7669 | +0.073% | $1K | $181K | 10x | as long as short |
| Binance ENSUSDT | +0.0040% | 8h | 6.7636 | +0.023% | $5.3M | $13.8M | 75x | as long as short |
| Hyperliquid ENS | +0.0100% | 1h | 6.7773 | +0.226% | $3.1M | $415K | 5x | as long as short |
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.7700 | +0.118% | $1.8M | $140K | 50x | as long as short |
MEXC ENS_USDT
Extended ENS-USD
Binance ENSUSDT
Hyperliquid ENS
KuCoin ENSUSDTM