Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: BingX against Gate+0.133%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.133%, 7d avg +0.005%

Together, before fees−0.026%−$3 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: BingX is 0.128% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7490	0.0100	pay 0.0100% / 8h	7h 20m	$456K	$570K	75x
Short	BingX ENS-USDT	6.7580	0.0100	get 0.0100% / 8h	7h 20m	—	$8.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.005%: $12.79
Slippage, 4 orders: −$60.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$72.5
Costs to cover: 0.853%
Break-even: never at this rate

Slippage from Gate: live order book, 51 min ago; BingX: live order book, 2 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, 51 min ago	6.67 bp	26.1 bp −$26	146.4 bp −$1,464	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	5.18 bp	16.4 bp −$16	32.3 bp −$323	126.6 bp −$12.7K	453.1 bp −$226.6K

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	−0.1393%	1h	6.7516	+0.038%	$91K	$442K	20x	as long as short
Variational Omni ENS	+0.0025%	8h	6.7499	+0.013%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	+0.0030%	8h	6.7530	+0.059%	$2.4M	$3.3M	20x	as long as short
Bitget ENSUSDT	+0.0078%	8h	6.7510	+0.030%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7619	+0.191%	$15K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7580	+0.133%	$5.4M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7510	+0.030%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDTlong	+0.0100%	8h	6.7490	long leg	$456K	$570K	75x
MEXC ENS_USDT	+0.0100%	8h	6.7550	+0.089%	$5.5M	$863K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7620	+0.193%	$1.8M	$130K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDTshort	+0.0100%	8h	6.7580	+0.133%	—	$8.1M	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.7600	+0.163%	$25K	$605K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7538	+0.070%	$4K	$107K	10x	as long as short
BloFin ENS-USDT	+0.0119%	8h	6.7540	+0.074%	$311K	$74K	20x	as long as short
Hyperliquid ENS	+0.0370%	1h	6.7663	+0.256%	$3.1M	$359K	5x	as long as short