ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0138%/8h= +15.1% APRnext payment +$1.38 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Gate+0.148%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.148%, 7d avg −0.036%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.184% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7680	−0.0201	get 0.0201% / 8h	1h 15m	$460K	$565K	75x
Short	Bybit ENSUSDT	6.7780	−0.0063	pay 0.0063% / 8h	1h 15m	$5.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.148%Rate

Funding earned: $28.94
Price spread: +0.148% → −0.036%: $18.38
Slippage, 4 orders: −$56.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.33
Costs to cover: 0.826%
Break-even: 15.5 days

Slippage from Gate: live order book, 1 min ago; Bybit: 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 Gate live order book, 1 min ago	5.17 bp	22.7 bp −$23	129.5 bp −$1,295	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.44 bp	18.6 bp −$19	44.4 bp −$444	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	−0.2244%	1h	6.7784	+0.154%	$92K	$435K	20x	as long as short
Gate ENS_USDTlong	−0.0201%	8h	6.7680	long leg	$460K	$565K	75x
Variational Omni ENS	−0.0120%	8h	6.7597	−0.123%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0080%	8h	6.7820	+0.207%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0067%	8h	6.7750	+0.103%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDTshort	−0.0063%	8h	6.7780	+0.148%	$5.4M	$3.8M	75x
Aster ENSUSDT	+0.0007%	8h	6.7775	+0.140%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0068%	8h	6.7730	+0.074%	—	$3.7M	—	as long as short
Extended ENS-USD	+0.0072%	1h	6.7767	+0.129%	$1K	$181K	10x	as long as short
MEXC ENS_USDT	+0.0072%	8h	6.7790	+0.163%	$5.6M	$852K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0072%	8h	6.7848	+0.248%	$5.3M	$13.4M	75x	as long as short
BloFin ENS-USDT	+0.0077%	8h	6.7830	+0.222%	$307K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7937	+0.380%	$3.1M	$408K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7770	+0.133%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7650	−0.044%	$24K	$606K	50x	as long as short