Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Bitget+0.074%63s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.664% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.074%, 7d avg +0.066%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.7660	−0.0018	get 0.0018% / 8h	2h 50m	$2.9M	$1.3M	75x
Short	ApeX Omni ENSUSDT	6.7710	−0.0064	pay 0.0008% / 1h	50m 19s	$24K	$614K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.074%Rate

Funding earned: −$9.71
Price spread: +0.074% → +0.066%: $0.81
Slippage, 4 orders: −$44.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.26
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 37 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 Bitget live order book, 2 min ago	2.22 bp	17.7 bp −$18	34.4 bp −$344	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	7.36 bp	15.0 bp −$15	90.7 bp −$907	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	−0.2143%	1h	6.7552	−0.160%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0260%	8h	6.7690	+0.044%	$460K	$576K	75x	as long as short
Variational Omni ENS	−0.0161%	8h	6.7510	−0.221%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0146%	8h	6.7600	−0.089%	$5.4M	$3.8M	75x	as long as short
ApeX Omni ENSUSDTshort	−0.0064%	1h	6.7710	+0.074%	$24K	$614K	50x
OKX ENS-USDT-SWAP	−0.0053%	8h	6.7660	0.000%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	−0.0039%	8h	6.7696	+0.053%	$9K	$87K	10x	as long as short
Bitget ENSUSDTlong	−0.0018%	8h	6.7660	long leg	$2.9M	$1.3M	75x
Extended ENS-USD	+0.0032%	1h	6.7653	−0.010%	$1K	$181K	10x	as long as short
MEXC ENS_USDT	+0.0035%	8h	6.7680	+0.030%	$5.5M	$817K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0036%	8h	6.7670	+0.015%	$5.3M	$13.9M	75x	as long as short
BloFin ENS-USDT	+0.0043%	8h	6.7600	−0.089%	$312K	$73K	20x	as long as short
BingX ENS-USDT	+0.0049%	8h	6.7640	−0.030%	—	$3.9M	—	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7799	+0.205%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7700	+0.059%	$1.8M	$140K	50x	as long as short