ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.020%

Price spread now: Gate against Bitget−0.104%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.104%, 7d avg −0.031%

Together, before fees+0.047%+$5 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: Gate is 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.7200	0.0100	pay 0.0100% / 8h	5h 22m	$2.9M	$1.2M	75x
Short	Gate ENS_USDT	6.7130	0.0099	get 0.0099% / 8h	5h 22m	$457K	$564K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.104%Rate

Funding earned: −$0.21
Price spread: −0.104% → −0.031%: −$7.36
Slippage, 4 orders: −$67.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.98
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 39 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, 5 min ago	6.00 bp	21.7 bp −$22	45.7 bp −$457	doesn't fit	doesn't fit
Sell Gate live order book, 39 min ago	8.22 bp	27.5 bp −$27	108.0 bp −$1,080	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	−0.0930%	1h	6.7009	−0.283%	$90K	$422K	20x	as long as short
Gate ENS_USDTshort	+0.0099%	8h	6.7130	−0.104%	$457K	$564K	75x
Hyperliquid ENS	+0.0100%	1h	6.7266	+0.098%	$3.1M	$301K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7159	−0.061%	$10K	$108K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7279	+0.118%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7170	−0.045%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.7210	+0.015%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7220	+0.030%	$5.4M	$728K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7120	−0.119%	$1.8M	$135K	50x	as long as short
Bitget ENSUSDTlong	+0.0100%	8h	6.7200	long leg	$2.9M	$1.2M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.7160	−0.060%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6721	−0.712%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6810	−0.580%	$25K	$598K	50x	as long as short
BloFin ENS-USDT	+0.0101%	8h	6.7110	−0.134%	$302K	$75K	20x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7206	+0.009%	$897	$111K	10x	as long as short