Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2038%/8h= +223.2% APRpaid last 24h +0.185%

Price spread now: Binance against Kraken Futures+0.041%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$930.934% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.826%−$183 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.041%, 7d avg −0.059%

Together, before fees−1.827%−$183 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$61 a day on $10k at the current rate, and Binance is 0.100% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.059%. Mind the row above: over the last 7 days funding on this pair cost −1.826%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENSUSD	6.7732	−0.1938	get 0.0242% / 1h	1m 54s	$92K	$447K	20x
Short	Binance ENSUSDT	6.7760	0.0100	get 0.0100% / 8h	1m 54s	$5.4M	$14.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: $427.98
Price spread: +0.041% → −0.059%: $9.98
Slippage, 4 orders: −$73.4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $344.56
Costs to cover: 0.934%
Break-even: 1.4 days

Slippage from Kraken Futures: live order book, 11 min ago; Binance: live order book, 9 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, 11 min ago	16.32 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.74 bp	14.5 bp −$14	37.3 bp −$373	252.8 bp −$25.3K	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	−0.1938%	1h	6.7732	long leg	$92K	$447K	20x
Gate ENS_USDT	−0.0185%	8h	6.7680	−0.077%	$455K	$589K	75x	as long as short
Variational Omni ENS	−0.0053%	8h	6.7401	−0.489%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0046%	8h	6.7730	−0.003%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	+0.0006%	8h	6.7730	−0.003%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	+0.0022%	8h	6.7660	−0.107%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0086%	8h	6.7712	−0.030%	$15K	$103K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.7760	+0.041%	$5.4M	$14.0M	75x
MEXC ENS_USDT	+0.0100%	8h	6.7750	+0.026%	$5.5M	$871K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7730	−0.003%	$1.8M	$136K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.7760	+0.041%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7510	−0.328%	$25K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7717	−0.023%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0115%	8h	6.7810	+0.115%	$311K	$75K	20x	as long as short
Hyperliquid ENS	+0.0399%	1h	6.7919	+0.276%	$3.1M	$413K	5x	as long as short