Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: BingX against Bybit+0.105%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.105%, 7d avg +0.040%

Together, before fees−0.071%−$7 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: BingX is 0.065% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.6720	0.0100	pay 0.0100% / 8h	3h 12m	$5.4M	$3.4M	75x
Short	BingX ENS-USDT	6.6790	0.0100	get 0.0100% / 8h	3h 12m	—	$7.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.040%: $6.52
Slippage, 4 orders: −$45.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.82
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 10 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 Bybit live order book, 5 min ago	4.50 bp	19.5 bp −$20	57.6 bp −$576	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	3.77 bp	15.0 bp −$15	36.5 bp −$365	149.4 bp −$14.9K	421.3 bp −$210.6K

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	−0.0673%	1h	6.6710	−0.015%	$90K	$388K	20x	as long as short
ApeX Omni ENSUSDT	+0.0039%	1h	6.6730	+0.015%	$25K	$600K	50x	as long as short
Gate ENS_USDT	+0.0072%	8h	6.6870	+0.225%	$458K	$562K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0082%	8h	6.6740	+0.030%	$2.4M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0088%	8h	6.6790	+0.105%	$298K	$79K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6869	+0.223%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6801	+0.121%	$10K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6820	+0.150%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDTlong	+0.0100%	8h	6.6720	long leg	$5.4M	$3.4M	75x
MEXC ENS_USDT	+0.0100%	8h	6.6770	+0.075%	$5.9M	$808K	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	6.6860	+0.210%	$1.8M	$126K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6780	+0.090%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDTshort	+0.0100%	8h	6.6790	+0.105%	—	$7.7M	—
Variational Omni ENS	+0.0100%	8h	6.6843	+0.185%	$107K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6780	+0.091%	$3K	$213K	10x	as long as short