ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0569%/8h= +62.3% APRnext payment +$0.71 per $10,000 · paid last 24h +0.264%

Price spread now: ApeX Omni against Kraken Futures+0.150%45s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1041.043% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.757%−$176 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.150%, 7d avg −0.006%

Together, before fees−1.915%−$192 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and ApeX Omni is 0.156% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −1.757%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENSUSD	6.6670	−0.0673	get 0.0084% / 1h	29m 34s	$90K	$405K	20x
Short	ApeX Omni ENSUSDT	6.6770	−0.0104	pay 0.0013% / 1h	29m 34s	$25K	$601K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.150%Rate

Funding earned: $119.55
Price spread: +0.150% → −0.006%: $15.62
Slippage, 4 orders: −$84.29
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $30.88
Costs to cover: 1.043%
Break-even: 5.2 days

Slippage from Kraken Futures: live order book, 23 min ago; ApeX Omni: live order book, 23 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 Kraken Futures live order book, 23 min ago	28.25 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 min ago	6.69 bp	15.3 bp −$15	105.7 bp −$1,057	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_ENSUSDlong	−0.0673%	1h	6.6670	long leg	$90K	$405K	20x
ApeX Omni ENSUSDTshort	−0.0104%	1h	6.6770	+0.150%	$25K	$601K	50x
Gate ENS_USDT	+0.0075%	8h	6.6670	0.000%	$456K	$561K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0090%	8h	6.6630	−0.060%	$2.4M	$3.4M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6800	+0.195%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6728	+0.087%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6640	−0.045%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6640	−0.045%	$5.4M	$3.6M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6710	+0.060%	$5.9M	$755K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6780	+0.165%	$1.8M	$130K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6710	+0.060%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6730	+0.090%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6768	+0.148%	$107K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6683	+0.020%	$2K	$120K	10x	as long as short
BloFin ENS-USDT	+0.0106%	8h	6.6810	+0.210%	$299K	$74K	20x	as long as short