Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: ApeX Omni against Hyperliquid−0.015%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.359%+$36 · spread now −0.015%, 7d avg −0.099%

Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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: ApeX Omni is 0.084% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENS	6.6960	0.0100	pay 0.0013% / 1h	8m 42s	$3.0M	$305K	5x
Short	ApeX Omni ENSUSDT	6.6950	0.0100	get 0.0013% / 1h	8m 42s	$25K	$596K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.099%: $8.41
Slippage, 4 orders: −$60.45
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.04
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; ApeX Omni: live order book, 59 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 Hyperliquid live order book, 3 min ago	1.64 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	5.90 bp	13.5 bp −$13	90.4 bp −$904	doesn't fit	doesn't fit

ENS on 14 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	−0.0814%	1h	6.6765	−0.291%	$90K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0086%	8h	6.6880	−0.119%	$2.3M	$3.5M	20x	as long as short
Hyperliquid ENSlong	+0.0100%	1h	6.6960	long leg	$3.0M	$305K	5x
Aster ENSUSDT	+0.0100%	8h	6.6871	−0.134%	$12K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6840	−0.179%	$5.2M	$14.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6760	−0.299%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6760	−0.299%	$453K	$572K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6870	−0.134%	$5.4M	$785K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6890	−0.105%	$1.8M	$151K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6850	−0.164%	$2.9M	$1.3M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6820	−0.209%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6843	−0.174%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.6950	−0.015%	$25K	$596K	50x
Extended ENS-USD	+0.0104%	1h	6.6834	−0.189%	$6K	$113K	10x	as long as short