Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2050%/8h= +224.5% APRpaid last 24h +0.187%

Price spread now: BloFin against Kraken Futures+0.004%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.808%−$181 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.004%, 7d avg −0.041%

Together, before fees−1.850%−$185 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 BloFin is 0.045% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.041%. Mind the row above: over the last 7 days funding on this pair cost −1.808%, 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	6.8087	−0.1928	get 0.0241% / 1h	47m 02s	$94K	$446K	20x
Short	BloFin ENS-USDT	6.8090	0.0122	get 0.0122% / 8h	47m 02s	$319K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $430.5
Price spread: +0.004% → −0.041%: $4.49
Slippage, 4 orders: −$85.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $327.92
Costs to cover: 1.071%
Break-even: 1.7 days

Slippage from Kraken Futures: live order book, 31 min ago; BloFin: 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 Kraken Futures live order book, 31 min ago	14.06 bp	29.7 bp −$30	604.5 bp −$6,045	doesn't fit	doesn't fit
Sell BloFin live order book, 25 min ago	2.20 bp	17.5 bp −$17	31.1 bp −$311	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	−0.1928%	1h	6.8087	long leg	$94K	$446K	20x
Gate ENS_USDT	−0.0169%	8h	6.8170	+0.121%	$450K	$574K	75x	as long as short
Variational Omni ENS	−0.0095%	8h	6.8196	+0.160%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0056%	8h	6.8080	−0.011%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0034%	8h	6.8130	+0.063%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0018%	8h	6.8060	−0.040%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0055%	8h	6.8134	+0.069%	$13K	$97K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.8135	+0.069%	$5.6M	$13.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.8100	+0.018%	$5.6M	$853K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.8150	+0.092%	$1.8M	$138K	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	6.8110	+0.033%	—	$3.6M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8310	+0.327%	$24K	$610K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.8076	−0.016%	$1K	$181K	10x	as long as short
BloFin ENS-USDTshort	+0.0122%	8h	6.8090	+0.004%	$319K	$75K	20x
Hyperliquid ENS	+0.0213%	1h	6.8308	+0.324%	$3.1M	$410K	5x	as long as short