ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.2% APRnext payment +$1.94 per $10,000 · paid last 24h +0.027%

Price spread now: Binance against Gate+0.105%7-day average +0.045% · 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−$74as in the Price arb table

costs, in and out, $10k−$800.800% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.105%, 7d avg +0.045%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.060% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.045%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7520	−0.0094	get 0.0094% / 8h	7h 46m	$455K	$570K	75x
Short	Binance ENSUSDT	6.7591	0.0100	get 0.0100% / 8h	7h 46m	$5.4M	$14.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.105%Rate

Funding earned: $40.74
Price spread: +0.105% → +0.045%: $5.97
Slippage, 4 orders: −$54.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.25
Costs to cover: 0.800%
Break-even: 12.7 days

Slippage from Gate: live order book, 25 min ago; Binance: live order book, 9 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, 25 min ago	6.67 bp	26.1 bp −$26	146.4 bp −$1,464	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.74 bp	14.1 bp −$14	37.0 bp −$370	272.5 bp −$27.3K	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	−0.1391%	1h	6.7589	+0.103%	$91K	$447K	20x	as long as short
Gate ENS_USDTlong	−0.0094%	8h	6.7520	long leg	$455K	$570K	75x
Variational Omni ENS	−0.0026%	8h	6.7490	−0.045%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0020%	8h	6.7480	−0.059%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	+0.0031%	8h	6.7610	+0.133%	$2.9M	$1.3M	75x	as long as short
BloFin ENS-USDT	+0.0082%	8h	6.7680	+0.237%	$313K	$75K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7619	+0.147%	$15K	$103K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.7591	+0.105%	$5.4M	$14.0M	75x
Bybit ENSUSDT	+0.0100%	8h	6.7520	0.000%	$5.4M	$3.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7600	+0.118%	$5.5M	$861K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.7640	+0.178%	$1.8M	$136K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7570	+0.074%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7650	+0.193%	$25K	$605K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7625	+0.156%	$2K	$179K	10x	as long as short
Hyperliquid ENS	+0.0343%	1h	6.7660	+0.207%	$3.1M	$393K	5x	as long as short