ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against BloFin−0.135%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.564%+$56 · spread now −0.135%, 7d avg −0.044%

Together, before fees+0.579%+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.091% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENS-USDT	6.6440	0.0121	pay 0.0121% / 8h	7h 22m	$295K	$76K	20x
Short	BingX ENS-USDT	6.6350	0.0100	get 0.0100% / 8h	7h 22m	—	$11.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$4.47
Price spread: −0.135% → −0.044%: −$9.13
Slippage, 4 orders: −$34.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$70.47
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from BloFin: live order book, 34 min ago; BingX: live order book, 15 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, 34 min ago	1.50 bp	12.3 bp −$12	28.2 bp −$282	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	4.53 bp	14.7 bp −$15	33.7 bp −$337	154.5 bp −$15.5K	461.6 bp −$230.8K

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	−0.0943%	1h	6.6304	−0.205%	$90K	$340K	20x	as long as short
Gate ENS_USDT	−0.0256%	8h	6.6250	−0.286%	$462K	$553K	75x	as long as short
OKX ENS-USDT-SWAP	−0.0005%	8h	6.6370	−0.105%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6501	+0.092%	$3.0M	$239K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6323	−0.176%	$7K	$102K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6400	−0.060%	$5.1M	$13.1M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6340	−0.151%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6390	−0.075%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6340	−0.151%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6370	−0.105%	$2.9M	$1.1M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDTshort	+0.0100%	8h	6.6350	−0.135%	—	$11.1M	—
Variational Omni ENS	+0.0100%	8h	6.5732	−1.065%	$105K	$19K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.5770	−1.008%	$24K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6381	−0.089%	$3K	$252K	10x	as long as short
BloFin ENS-USDTlong	+0.0121%	8h	6.6440	long leg	$295K	$76K	20x