Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRnext payment $0.99 per $10,000 · paid last 24h +0.015%
Price spread now: Gate against Bybit+0.030%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$880.881% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.030%, 7d avg +0.036%
Together, before fees−0.146%−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ENSUSDT6.7740−0.0112get 0.0112% / 8h2h 14m$5.4M$3.8M75x
ShortGate ENS_USDT6.7760−0.0211pay 0.0211% / 8h2h 14m$461K$576K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$20.69
Price spread: +0.030% → +0.036%
−$0.66
Slippage, 4 orders
−$62.05
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$109.4
Costs to cover
0.881%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago3.69 bp20.2 bp −$2047.8 bp −$478doesn't fitdoesn't fit
Sell Gate live order book, 6 min ago6.62 bp22.0 bp −$22119.5 bp −$1,195doesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.2137%1h6.7744+0.006%$92K$436K20xas long as short
Gate ENS_USDTshort−0.0211%8h6.7760+0.030%$461K$576K75x
Variational Omni ENS−0.0154%8h6.7717−0.034%$112K$6Kas long as short
Bybit ENSUSDTlong−0.0112%8h6.7740long leg$5.4M$3.8M75x
OKX ENS-USDT-SWAP−0.0050%8h6.7760+0.030%$2.4M$3.4M20xas long as short
Bitget ENSUSDT−0.0041%8h6.7830+0.133%$2.9M$1.3M75xas long as short
Aster ENSUSDT−0.0017%8h6.7674−0.097%$8K$89K10xas long as short
BloFin ENS-USDT+0.0034%8h6.7750+0.015%$312K$73K20xas long as short
Extended ENS-USD+0.0048%1h6.7790+0.074%$1K$181K10xas long as short
Binance ENSUSDT+0.0048%8h6.7810+0.103%$5.3M$13.8M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ENS_USDT+0.0059%8h6.7790+0.074%$5.5M$832K75xas long as short
BingX ENS-USDT+0.0064%8h6.7770+0.044%$3.7Mas long as short
Hyperliquid ENS+0.0100%1h6.7944+0.301%$3.1M$415K5xas long as short
KuCoin ENSUSDTM+0.0100%8h6.7840+0.148%$1.8M$139K50xas long as short
ApeX Omni ENSUSDT+0.0100%1h6.7870+0.192%$24K$611K50xas long as short