Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: BingX against Extended−0.076%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.675% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.076%, 7d avg −0.011%

Together, before fees+0.064%+ Points / potential airdropExtended: Active · farm board+$6 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% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6601	0.0104	pay 0.0013% / 1h	3m 48s	$3K	$119K	10x
Short	BingX ENS-USDT	6.6550	0.0100	get 0.0100% / 8h	4h 03m	—	$7.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$0.84
Price spread: −0.076% → −0.011%: −$6.45
Slippage, 4 orders: −$52.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.79
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from Extended: live order book, 52 min ago; BingX: live order book, 9 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 Extended live order book, 52 min ago	1.43 bp	17.8 bp −$18	152.7 bp −$1,527	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	5.25 bp	16.0 bp −$16	32.5 bp −$325	146.8 bp −$14.7K	446.0 bp −$223.0K

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	−0.0851%	1h	6.6538	−0.094%	$90K	$407K	20x	as long as short
Gate ENS_USDT	+0.0048%	8h	6.6560	−0.061%	$454K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6585	−0.024%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6615	+0.021%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6560	−0.061%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6600	−0.001%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6610	+0.014%	$5.6M	$739K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6590	−0.016%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6580	−0.031%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDTshort	+0.0100%	8h	6.6550	−0.076%	—	$7.8M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6493	−0.161%	$106K	$9K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6550	−0.076%	$25K	$598K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6601	long leg	$3K	$119K	10x
BloFin ENS-USDT	+0.0125%	8h	6.6590	−0.016%	$298K	$73K	20x	as long as short
Hyperliquid ENS	+0.0170%	1h	6.6709	+0.163%	$3.0M	$294K	5x	as long as short