ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.015%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.015%, 7d avg +0.050%

Together, before fees+0.036%+$4 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 OKX is 0.065% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.6490	0.0100	pay 0.0100% / 8h	3h 09m	$5.4M	$3.4M	75x
Short	OKX ENS-USDT-SWAP	6.6480	0.0057	get 0.0057% / 8h	3h 09m	$2.4M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$9.04
Price spread: −0.015% → +0.050%: −$6.53
Slippage, 4 orders: −$51.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.39
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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	3.00 bp	17.7 bp −$18	49.8 bp −$498	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.50 bp	16.7 bp −$17	86.2 bp −$862	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	−0.0674%	1h	6.6575	+0.127%	$90K	$386K	20x	as long as short
ApeX Omni ENSUSDT	+0.0018%	1h	6.6830	+0.511%	$25K	$601K	50x	as long as short
Gate ENS_USDT	+0.0045%	8h	6.6650	+0.241%	$456K	$562K	75x	as long as short
OKX ENS-USDT-SWAPshort	+0.0057%	8h	6.6480	−0.015%	$2.4M	$3.3M	20x
BloFin ENS-USDT	+0.0089%	8h	6.6750	+0.391%	$299K	$79K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6731	+0.362%	$3.0M	$292K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6510	+0.030%	$10K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6545	+0.082%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDTlong	+0.0100%	8h	6.6490	long leg	$5.4M	$3.4M	75x
MEXC ENS_USDT	+0.0100%	8h	6.6600	+0.165%	$5.9M	$809K	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	6.6670	+0.271%	$1.8M	$122K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6640	+0.226%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6480	−0.015%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6623	+0.200%	$107K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6707	+0.327%	$794	$256K	10x	as long as short