Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: Bitget against Extended+0.070%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.070%, 7d avg +0.014%

Together, before fees−0.214%+ Points / potential airdropExtended: Active · farm board−$21 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: Bitget is 0.056% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6633	0.0104	pay 0.0013% / 1h	44m 43s	$888	$114K	10x
Short	Bitget ENSUSDT	6.6680	0.0100	get 0.0100% / 8h	5h 44m	$2.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$0.84
Price spread: +0.070% → +0.014%: $5.64
Slippage, 4 orders: −$57.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.96
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from Extended: live order book, 16 min ago; Bitget: 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 Extended live order book, 16 min ago	2.32 bp	18.7 bp −$19	185.9 bp −$1,859	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.53 bp	20.0 bp −$20	53.6 bp −$536	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	−0.0936%	1h	6.6591	−0.064%	$89K	$433K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0065%	8h	6.6560	−0.110%	$2.3M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0088%	8h	6.6520	−0.170%	—	$77K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6704	+0.106%	$3.0M	$303K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6606	−0.041%	$10K	$108K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6681	+0.072%	$5.2M	$13.7M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6620	−0.020%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6520	−0.170%	$453K	$563K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6680	+0.070%	$5.4M	$726K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6600	−0.050%	$1.8M	$140K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDTshort	+0.0100%	8h	6.6680	+0.070%	$2.9M	$1.3M	75x
BingX ENS-USDT	+0.0100%	8h	6.6570	−0.095%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6463	−0.255%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6490	−0.215%	$25K	$597K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6633	long leg	$888	$114K	10x