ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against Bitget+0.044%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days−0.120%−$12 · spread now +0.044%, 7d avg −0.034%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.078% dearer against Bitget than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.034%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.7750	−0.0067	get 0.0067% / 8h	1h 56m	$2.9M	$1.3M	75x
Short	Bybit ENSUSDT	6.7780	−0.0088	pay 0.0088% / 8h	1h 56m	$5.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$4.34
Price spread: +0.044% → −0.034%: $7.84
Slippage, 4 orders: −$49.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.54
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	4.44 bp	21.0 bp −$21	52.3 bp −$523	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.19 bp	15.5 bp −$15	42.9 bp −$429	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	−0.2246%	1h	6.7732	−0.026%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0250%	8h	6.7740	−0.015%	$461K	$562K	75x	as long as short
Variational Omni ENS	−0.0145%	8h	6.7262	−0.720%	$111K	$6K	—	as long as short
Bybit ENSUSDTshort	−0.0088%	8h	6.7780	+0.044%	$5.4M	$3.8M	75x
Bitget ENSUSDTlong	−0.0067%	8h	6.7750	long leg	$2.9M	$1.3M	75x
OKX ENS-USDT-SWAP	−0.0062%	8h	6.7760	+0.015%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	−0.0035%	8h	6.7820	+0.103%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0036%	8h	6.7790	+0.059%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0038%	8h	6.7850	+0.148%	$5.5M	$831K	75x	as long as short
Binance ENSUSDT	+0.0038%	8h	6.7829	+0.117%	$5.3M	$13.8M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ENSUSDT	+0.0039%	1h	6.7390	−0.531%	$24K	$609K	50x	as long as short
Extended ENS-USD	+0.0040%	1h	6.7829	+0.116%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0043%	8h	6.7610	−0.207%	$312K	$73K	20x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7780	+0.044%	$1.8M	$139K	50x	as long as short
Hyperliquid ENS	+0.0151%	1h	6.7981	+0.341%	$3.1M	$414K	5x	as long as short