Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1471%/8h= −161.1% APRpaid last 24h −0.218%

Price spread now: Kraken Futures against BloFin−0.120%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs+$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.765%+$176 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.120%, 7d avg +0.041%

Together, before fees+1.949%+$195 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Kraken Futures is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.765%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENS-USDT	6.7760	0.0081	pay 0.0081% / 8h	7h 36m	$313K	$74K	20x
Short	Kraken Futures PF_ENSUSD	6.7679	−0.1390	pay 0.0174% / 1h	36m 48s	$91K	$445K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$308.88
Price spread: −0.120% → +0.041%: −$16.06
Slippage, 4 orders: −$73.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$420.84
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from BloFin: live order book, 30 min ago; Kraken Futures: 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, 30 min ago	1.48 bp	12.3 bp −$12	29.7 bp −$297	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 36 min ago	16.32 bp	29.1 bp −$29	doesn't fit	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_ENSUSDshort	−0.1390%	1h	6.7679	−0.120%	$91K	$445K	20x
Variational Omni ENS	−0.0014%	8h	6.7480	−0.414%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	+0.0001%	8h	6.7670	−0.133%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	+0.0045%	8h	6.7670	−0.133%	$2.9M	$1.3M	75x	as long as short
BloFin ENS-USDTlong	+0.0081%	8h	6.7760	long leg	$313K	$74K	20x
Aster ENSUSDT	+0.0100%	8h	6.7663	−0.143%	$15K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7730	−0.044%	$5.4M	$13.8M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7610	−0.221%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.7550	−0.310%	$457K	$570K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7780	+0.030%	$5.5M	$862K	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	6.7680	−0.118%	$1.8M	$130K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7660	−0.148%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7580	−0.266%	$25K	$606K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7718	−0.062%	$2K	$144K	10x	as long as short
Hyperliquid ENS	+0.0371%	1h	6.7839	+0.117%	$3.1M	$367K	5x	as long as short