Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: ApeX Omni against Gate+0.328%96s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$840.841% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.328%, 7d avg +0.100%

Together, before fees−0.152%−$15 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: ApeX Omni is 0.228% dearer against Gate than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.100%. The two prices were read 96 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	Gate ENS_USDT	6.7040	0.0100	pay 0.0100% / 8h	5h 15m	$456K	$564K	75x
Short	ApeX Omni ENSUSDT	6.7260	0.0100	get 0.0013% / 1h	15m 41s	$25K	$599K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.328%Rate

Funding earned: $0
Price spread: +0.328% → +0.100%: $22.85
Slippage, 4 orders: −$59.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.25
Costs to cover: 0.841%
Break-even: never at this rate

Slippage from Gate: live order book, 46 min ago; ApeX Omni: live order book, 47 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 Gate live order book, 46 min ago	8.22 bp	27.0 bp −$27	135.2 bp −$1,352	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	7.46 bp	15.1 bp −$15	90.7 bp −$907	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	−0.0930%	1h	6.7037	−0.004%	$90K	$421K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7096	+0.084%	$3.1M	$301K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7105	+0.097%	$11K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6980	−0.089%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6910	−0.194%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6880	−0.239%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDTlong	+0.0100%	8h	6.7040	long leg	$456K	$564K	75x
MEXC ENS_USDT	+0.0100%	8h	6.6990	−0.075%	$5.4M	$731K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7000	−0.060%	$1.8M	$135K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6980	−0.089%	$2.9M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6980	−0.089%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.7057	+0.025%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.7260	+0.328%	$25K	$599K	50x
Extended ENS-USD	+0.0104%	1h	6.6961	−0.117%	$897	$111K	10x	as long as short
BloFin ENS-USDT	+0.0109%	8h	6.7060	+0.030%	$301K	$75K	20x	as long as short