Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h 0.000%

Price spread now: Aster against Extended−0.035%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.035% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.8026	0.0088	pay 0.0011% / 1h	0m 09s	$1K	$181K	10x
Short	Aster ENSUSDT	6.8002	0.0023	get 0.0023% / 8h	1h 00m	$13K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$13.68
Price spread: −0.035% → 0.000%: −$3.47
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.15
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 16 min ago; Aster: no order-book sample. Net counts fees only.

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 Extended live order book, 16 min ago	1.70 bp	16.9 bp −$17	132.5 bp −$1,325	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2237%	1h	6.8001	−0.036%	$94K	$447K	20x	as long as short
Gate ENS_USDT	−0.0202%	8h	6.7960	−0.097%	$448K	$577K	75x	as long as short
Variational Omni ENS	−0.0113%	8h	6.7881	−0.213%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0077%	8h	6.7960	−0.097%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0052%	8h	6.7980	−0.067%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0050%	8h	6.7950	−0.111%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDTshort	+0.0023%	8h	6.8002	−0.035%	$13K	$94K	10x
BloFin ENS-USDT	+0.0080%	8h	6.7950	−0.111%	$314K	$75K	20x	as long as short
BingX ENS-USDT	+0.0081%	8h	6.7990	−0.052%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0086%	8h	6.8030	+0.006%	$5.6M	$873K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENS-USDlong	+0.0088%	1h	6.8026	long leg	$1K	$181K	10x
Binance ENSUSDT	+0.0089%	8h	6.8020	−0.008%	$5.5M	$13.7M	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.8190	+0.242%	$3.1M	$413K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.8020	−0.008%	$1.8M	$137K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8080	+0.080%	$24K	$608K	50x	as long as short