ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0954%/8h= −104.5% APRnext payment −$1.19 per $10,000 · paid last 24h −0.268%

Price spread now: Kraken Futures against Extended−0.063%7-day average +0.082% · 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−$110as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.709%+$171 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.063%, 7d avg +0.082%

Together, before fees+1.587%+ Points / potential airdropExtended: Active · farm board+$159 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Kraken Futures is 0.144% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.082%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.709%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6688	0.0104	pay 0.0013% / 1h	25m 25s	$1K	$118K	10x
Short	Kraken Futures PF_ENSUSD	6.6646	−0.0850	pay 0.0106% / 1h	25m 25s	$90K	$408K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$200.35
Price spread: −0.063% → +0.082%: −$14.44
Slippage, 4 orders: −$81.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$310.84
Costs to cover: 0.960%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; Kraken Futures: live order book, 32 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, 30 min ago	1.43 bp	17.8 bp −$18	152.7 bp −$1,527	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 32 min ago	16.59 bp	33.3 bp −$33	doesn't fit	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_ENSUSDshort	−0.0850%	1h	6.6646	−0.063%	$90K	$408K	20x
Gate ENS_USDT	+0.0020%	8h	6.6620	−0.102%	$455K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6643	−0.068%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6705	+0.026%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6630	−0.087%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6690	+0.003%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6730	+0.063%	$5.7M	$713K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6750	+0.093%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6660	−0.042%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6660	−0.042%	—	$7.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6583	−0.158%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6730	+0.063%	$25K	$598K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6688	long leg	$1K	$118K	10x
BloFin ENS-USDT	+0.0130%	8h	6.6750	+0.093%	$297K	$73K	20x	as long as short
Hyperliquid ENS	+0.0157%	1h	6.6832	+0.216%	$3.0M	$298K	5x	as long as short