Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.025%

Price spread now: Extended against Gate+0.050%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.050%, 7d avg +0.016%

Together, before fees+0.009%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.5530	0.0027	pay 0.0027% / 8h	2h 39m	$455K	$566K	75x
Short	Extended ENS-USD	6.5563	0.0104	get 0.0013% / 1h	39m 04s	$3K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.050%Rate

Funding earned: $16.17
Price spread: +0.050% → +0.016%: $3.4
Slippage, 4 orders: −$71.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$71.56
Costs to cover: 0.911%
Break-even: 38.0 days

Slippage from Gate: live order book, 7 min ago; Extended: live order book, 8 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, 7 min ago	6.82 bp	27.2 bp −$27	114.7 bp −$1,147	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	2.58 bp	17.6 bp −$18	170.5 bp −$1,705	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	−0.1038%	1h	6.5478	−0.080%	$89K	$381K	20x	as long as short
Gate ENS_USDTlong	+0.0027%	8h	6.5530	long leg	$455K	$566K	75x
OKX ENS-USDT-SWAP	+0.0055%	8h	6.5500	−0.046%	$2.3M	$3.4M	20x	as long as short
BloFin ENS-USDT	+0.0095%	8h	6.5600	+0.107%	$293K	$78K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.5602	+0.110%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.5580	+0.077%	$5.0M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.5490	−0.061%	$5.3M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.5590	+0.092%	$6.1M	$868K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.5590	+0.092%	$1.7M	$122K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.5520	−0.015%	$2.8M	$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	6.5510	−0.031%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.5769	+0.365%	$105K	$9K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.5890	+0.549%	$24K	$603K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.5563	+0.050%	$3K	$259K	10x
Hyperliquid ENS	+0.0235%	1h	6.5661	+0.200%	$3.0M	$294K	5x	as long as short