ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.005%

Price spread now: OKX against Gate+0.165%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.165%, 7d avg −0.002%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.167% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.6560	0.0052	pay 0.0052% / 8h	4h 03m	$454K	$563K	75x
Short	OKX ENS-USDT-SWAP	6.6670	0.0100	get 0.0100% / 8h	4h 03m	$2.3M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.165%Rate

Funding earned: $10.08
Price spread: +0.165% → −0.002%: $16.7
Slippage, 4 orders: −$61.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.8
Costs to cover: 0.866%
Break-even: 48.5 days

Slippage from Gate: live order book, 53 min ago; OKX: live order book, 4 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, 53 min ago	6.77 bp	25.1 bp −$25	150.0 bp −$1,500	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.25 bp	15.0 bp −$15	81.9 bp −$819	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	−0.0850%	1h	6.6664	+0.156%	$90K	$407K	20x	as long as short
Gate ENS_USDTlong	+0.0052%	8h	6.6560	long leg	$454K	$563K	75x
Aster ENSUSDT	+0.0100%	8h	6.6599	+0.059%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6660	+0.150%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6630	+0.105%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAPshort	+0.0100%	8h	6.6670	+0.165%	$2.3M	$3.3M	20x
MEXC ENS_USDT	+0.0100%	8h	6.6680	+0.180%	$5.6M	$739K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6640	+0.120%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6650	+0.135%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6590	+0.045%	—	$7.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6493	−0.100%	$106K	$9K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6590	+0.045%	$25K	$599K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6638	+0.118%	$3K	$119K	10x	as long as short
BloFin ENS-USDT	+0.0113%	8h	6.6680	+0.180%	$299K	$73K	20x	as long as short
Hyperliquid ENS	+0.0172%	1h	6.6774	+0.322%	$3.0M	$294K	5x	as long as short