Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: Extended against Bitget−0.105%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$780.775% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.105%, 7d avg −0.013%

Together, before fees+0.157%+ Points / potential airdropExtended: Active · farm board+$16 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 0.092% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6730	0.0100	pay 0.0100% / 8h	3h 33m	$2.9M	$1.2M	75x
Short	Extended ENS-USD	6.6660	0.0104	get 0.0013% / 1h	33m 03s	$2K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0.84
Price spread: −0.105% → −0.013%: −$9.15
Slippage, 4 orders: −$60.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$85.85
Costs to cover: 0.775%
Break-even: 722.4 days

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 17 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, 4 min ago	5.99 bp	18.3 bp −$18	36.0 bp −$360	doesn't fit	doesn't fit
Sell Extended live order book, 17 min ago	2.54 bp	17.2 bp −$17	133.5 bp −$1,335	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	−0.0674%	1h	6.6621	−0.164%	$90K	$406K	20x	as long as short
ApeX Omni ENSUSDT	−0.0233%	1h	6.6790	+0.090%	$25K	$600K	50x	as long as short
Gate ENS_USDT	+0.0071%	8h	6.6640	−0.135%	$456K	$561K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0091%	8h	6.6670	−0.090%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6798	+0.102%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6718	−0.018%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6690	−0.060%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6610	−0.180%	$5.4M	$3.6M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6690	−0.060%	$5.9M	$754K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6730	0.000%	$1.8M	$130K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDTlong	+0.0100%	8h	6.6730	long leg	$2.9M	$1.2M	75x
BingX ENS-USDT	+0.0100%	8h	6.6670	−0.090%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6648	−0.122%	$107K	$9K	—	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.6660	−0.105%	$2K	$120K	10x
BloFin ENS-USDT	+0.0128%	8h	6.6690	−0.060%	$299K	$74K	20x	as long as short