Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: KuCoin against Extended+0.028%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2092.086% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.028%, 7d avg +0.073%

Together, before fees+0.113%+ Points / potential airdropExtended: Active · farm board+$11 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: KuCoin is 0.045% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6061	0.0104	pay 0.0013% / 1h	23m 15s	$3K	$255K	10x
Short	KuCoin ENSUSDTM	6.6080	0.0100	get 0.0100% / 8h	23m 15s	$1.7M	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.84
Price spread: +0.028% → +0.073%: −$4.51
Slippage, 4 orders: −$191.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$213.97
Costs to cover: 2.086%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; KuCoin: 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, 13 min ago	2.19 bp	18.9 bp −$19	140.4 bp −$1,404	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	8.31 bp	113.2 bp −$113	598.7 bp −$5,987	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	−0.1034%	1h	6.6148	+0.131%	$90K	$350K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0026%	8h	6.6120	+0.089%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0045%	8h	6.6000	−0.093%	$461K	$571K	75x	as long as short
BloFin ENS-USDT	+0.0097%	8h	6.6110	+0.073%	$294K	$76K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6224	+0.246%	$3.0M	$292K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6052	−0.014%	$8K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6132	+0.107%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6040	−0.033%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6130	+0.104%	$6.8M	$1.0M	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.6080	+0.028%	$1.7M	$118K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6040	−0.033%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6070	+0.013%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6063	+0.002%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6180	+0.179%	$24K	$605K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6061	long leg	$3K	$255K	10x