ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2239%/8h= −245.2% APRnext payment −$2.80 per $10,000 · paid last 24h −0.187%

Price spread now: Kraken Futures against Hyperliquid−0.208%7-day average −0.095% · 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−$111as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.772%+$177 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.208%, 7d avg −0.095%

Together, before fees+1.821%+ Points / potential airdropHyperliquid: Season 2 · farm board+$182 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$67 a day on $10k at the current rate, and Kraken Futures is 0.113% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.772%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENS	6.7676	0.0296	pay 0.0037% / 1h	30m 33s	$3.1M	$411K	5x
Short	Kraken Futures PF_ENSUSD	6.7535	−0.1944	pay 0.0243% / 1h	30m 33s	$93K	$446K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.208%Rate

Funding earned: −$470.24
Price spread: −0.208% → −0.095%: −$11.29
Slippage, 4 orders: −$80.84
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$581.37
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 47 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, 1 min ago	2.14 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 47 min ago	14.06 bp	38.6 bp −$39	doesn't fit	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_ENSUSDshort	−0.1944%	1h	6.7535	−0.208%	$93K	$446K	20x
Gate ENS_USDT	−0.0255%	8h	6.7360	−0.467%	$458K	$584K	75x	as long as short
Variational Omni ENS	−0.0090%	8h	6.7592	−0.124%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0080%	8h	6.7520	−0.231%	$2.4M	$3.5M	20x	as long as short
ApeX Omni ENSUSDT	−0.0046%	1h	6.7760	+0.124%	$24K	$607K	50x	as long as short
Bitget ENSUSDT	−0.0038%	8h	6.7450	−0.334%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0017%	8h	6.7460	−0.319%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0037%	8h	6.7526	−0.221%	$10K	$97K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7521	−0.230%	$5.5M	$13.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7500	−0.260%	$5.5M	$860K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.7510	−0.245%	$1.8M	$138K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7470	−0.304%	—	$3.6M	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.7514	−0.240%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0109%	8h	6.7670	−0.009%	$319K	$75K	20x	as long as short
Hyperliquid ENSlong	+0.0296%	1h	6.7676	long leg	$3.1M	$411K	5x