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

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Bitget−0.059%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$620.620% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.059%, 7d avg +0.032%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.091% cheaper against Bitget than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.032%). If the spread goes back, that is −$9 on $10k: about 6.4 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ENSUSDT6.76100.0038pay 0.0038% / 8h7h 40m$2.9M$1.3M75x
ShortBloFin ENS-USDT6.75700.0086get 0.0086% / 8h7h 40m$312K$74K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$10.01
Price spread: −0.059% → +0.032%
−$9.13
Slippage, 4 orders
−$38.04
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$61.15
Costs to cover
0.620%
Break-even
49.7 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 26 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 Bitget live order book, 2 min ago5.91 bp16.5 bp −$1634.1 bp −$341doesn't fitdoesn't fit
Sell BloFin live order book, 26 min ago1.48 bp16.2 bp −$1628.4 bp −$284102.9 bp −$10.3Kdoesn'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−0.1392%1h6.7538−0.106%$91K$446K20xas long as short
Variational Omni ENS−0.0014%8h6.7480−0.193%$111K$5Kas long as short
OKX ENS-USDT-SWAP−0.0007%8h6.7530−0.118%$2.4M$3.4M20xas long as short
Bitget ENSUSDTlong+0.0038%8h6.7610long leg$2.9M$1.3M75x
BloFin ENS-USDTshort+0.0086%8h6.7570−0.059%$312K$74K20x
Gate ENS_USDT+0.0089%8h6.7470−0.207%$456K$570K75xas long as short
Aster ENSUSDT+0.0100%8h6.7609−0.002%$15K$103K10xas long as short
Binance ENSUSDT+0.0100%8h6.7569−0.061%$5.4M$13.9M75xas long as short
Bybit ENSUSDT+0.0100%8h6.7530−0.118%$5.4M$3.8M75xas long as short
MEXC ENS_USDT+0.0100%8h6.7580−0.044%$5.5M$862K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ENSUSDTM+0.0100%8h6.7620+0.015%$1.8M$131K50xas long as short
BingX ENS-USDT+0.0100%8h6.7570−0.059%$8.1Mas long as short
ApeX Omni ENSUSDT+0.0100%1h6.76100.000%$25K$606K50xas long as short
Extended ENS-USD+0.0104%1h6.7563−0.069%$2K$179K10xas long as short
Hyperliquid ENS+0.0359%1h6.7680+0.104%$3.1M$394K5xas long as short