ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0111%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.003%

Price spread now: Extended against Hyperliquid−0.224%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.224%, 7d avg −0.181%

Together, before fees+0.049%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.181%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENS	6.7981	0.0151	pay 0.0019% / 1h	56m 14s	$3.1M	$414K	5x
Short	Extended ENS-USD	6.7829	0.0040	get 0.0005% / 1h	56m 14s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.224%Rate

Funding earned: −$23.28
Price spread: −0.224% → −0.181%: −$4.27
Slippage, 4 orders: −$56.11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$97.66
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Extended: live order book, 25 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, 5 min ago	1.18 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	3.09 bp	21.0 bp −$21	126.9 bp −$1,269	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	−0.2246%	1h	6.7732	−0.366%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0250%	8h	6.7740	−0.355%	$461K	$562K	75x	as long as short
Variational Omni ENS	−0.0145%	8h	6.7262	−1.058%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0088%	8h	6.7780	−0.296%	$5.4M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0067%	8h	6.7750	−0.340%	$2.9M	$1.3M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0062%	8h	6.7760	−0.325%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	−0.0035%	8h	6.7820	−0.237%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0036%	8h	6.7790	−0.281%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0038%	8h	6.7850	−0.193%	$5.5M	$831K	75x	as long as short
Binance ENSUSDT	+0.0038%	8h	6.7829	−0.223%	$5.3M	$13.8M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ENSUSDT	+0.0039%	1h	6.7390	−0.869%	$24K	$609K	50x	as long as short
Extended ENS-USDshort	+0.0040%	1h	6.7829	−0.224%	$1K	$181K	10x
BloFin ENS-USDT	+0.0043%	8h	6.7610	−0.546%	$312K	$73K	20x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7780	−0.296%	$1.8M	$139K	50x	as long as short
Hyperliquid ENSlong	+0.0151%	1h	6.7981	long leg	$3.1M	$414K	5x