Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.014%

Price spread now: ApeX Omni against BloFin−0.135%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.135%, 7d avg +0.041%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.176% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENS-USDT	6.6670	0.0089	pay 0.0089% / 8h	1h 06m	$295K	$78K	20x
Short	ApeX Omni ENSUSDT	6.6580	−0.0258	pay 0.0032% / 1h	6m 30s	$24K	$608K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.135%Rate

Funding earned: −$72.85
Price spread: −0.135% → +0.041%: −$17.58
Slippage, 4 orders: −$37.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$149.88
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from BloFin: live order book, 60 min ago; ApeX Omni: live order book, 36 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 BloFin live order book, 60 min ago	3.75 bp	11.6 bp −$12	20.3 bp −$203	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	9.03 bp	17.1 bp −$17	93.0 bp −$930	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	−0.1059%	1h	6.6639	−0.046%	$91K	$365K	20x	as long as short
ApeX Omni ENSUSDTshort	−0.0258%	1h	6.6580	−0.135%	$24K	$608K	50x
OKX ENS-USDT-SWAP	−0.0026%	8h	6.6640	−0.045%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0083%	8h	6.6540	−0.195%	$465K	$573K	75x	as long as short
BloFin ENS-USDTlong	+0.0089%	8h	6.6670	long leg	$295K	$78K	20x
Hyperliquid ENS	+0.0100%	1h	6.6793	+0.184%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6605	−0.098%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6673	+0.004%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6610	−0.090%	$5.4M	$3.3M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6680	+0.015%	$6.9M	$1.0M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.6610	−0.090%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6640	−0.045%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6580	−0.135%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6453	−0.326%	$108K	$13K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6651	−0.028%	$572	$257K	10x	as long as short