Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.004%

Price spread now: BloFin against Extended−0.233%114s7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.638% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.233%, 7d avg +0.048%

Together, before fees+0.218%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.281% cheaper against Extended than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.048%). Swap the legs. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.7718	0.0064	pay 0.0008% / 1h	21m 18s	$1K	$181K	10x
Short	BloFin ENS-USDT	6.7560	0.0051	get 0.0051% / 8h	1h 21m	$308K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.233%Rate

Funding earned: −$2.82
Price spread: −0.233% → +0.048%: −$28.11
Slippage, 4 orders: −$46.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$94.71
Costs to cover: 0.638%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; BloFin: live order book, 56 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, 60 min ago	3.09 bp	18.2 bp −$18	170.4 bp −$1,704	doesn't fit	doesn't fit
Sell BloFin live order book, 56 min ago	0.74 bp	9.2 bp −$9	21.6 bp −$216	91.1 bp −$9,109	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	−0.2248%	1h	6.7668	−0.074%	$92K	$435K	20x	as long as short
Gate ENS_USDT	−0.0218%	8h	6.7650	−0.100%	$460K	$565K	75x	as long as short
Variational Omni ENS	−0.0130%	8h	6.7427	−0.430%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0082%	8h	6.7690	−0.041%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0076%	8h	6.7740	+0.033%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0071%	8h	6.7650	−0.100%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0002%	8h	6.7729	+0.017%	$8K	$89K	10x	as long as short
BloFin ENS-USDTshort	+0.0051%	8h	6.7560	−0.233%	$308K	$73K	20x
BingX ENS-USDT	+0.0061%	8h	6.7770	+0.077%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0063%	8h	6.7710	−0.012%	$5.6M	$850K	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	+0.0064%	1h	6.7718	long leg	$1K	$181K	10x
Binance ENSUSDT	+0.0066%	8h	6.7731	+0.019%	$5.3M	$13.4M	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7859	+0.208%	$3.1M	$408K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7740	+0.033%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7530	−0.277%	$24K	$606K	50x	as long as short