Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Bybit+0.166%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$2022.018% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.232%−$23 · spread now +0.166%, 7d avg +0.085%

Together, before fees−0.203%−$20 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: KuCoin is 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.6300	0.0100	pay 0.0100% / 8h	7h 49m	$5.4M	$3.2M	75x
Short	KuCoin ENSUSDTM	6.6410	0.0100	get 0.0100% / 8h	7h 49m	$1.8M	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → +0.085%: $8.13
Slippage, 4 orders: −$178.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$193.7
Costs to cover: 2.018%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 6 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, 3 min ago	3.77 bp	19.8 bp −$20	56.8 bp −$568	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	7.55 bp	102.4 bp −$102	611.8 bp −$6,118	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	−0.0944%	1h	6.6254	−0.069%	$90K	$345K	20x	as long as short
OKX ENS-USDT-SWAP	0.0000%	8h	6.6310	+0.015%	$2.3M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0079%	8h	6.6420	+0.181%	$294K	$76K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6371	+0.107%	$8K	$102K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6380	+0.121%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDTlong	+0.0100%	8h	6.6300	long leg	$5.4M	$3.2M	75x
Gate ENS_USDT	+0.0100%	8h	6.6290	−0.015%	$463K	$551K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6310	+0.015%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.6410	+0.166%	$1.8M	$118K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6290	−0.015%	$2.9M	$1.2M	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-USDT	+0.0100%	8h	6.6320	+0.030%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6309	+0.014%	$108K	$17K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6260	−0.060%	$24K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6306	+0.009%	$3K	$252K	10x	as long as short
Hyperliquid ENS	+0.0184%	1h	6.6453	+0.231%	$3.0M	$292K	5x	as long as short