Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0954%/8h= +104.5% APRnext payment +$1.19 per $10,000 · paid last 24h +0.268%
Price spread now: Extended against Kraken Futures+0.106%7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$960.960% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.709%−$171 on $10k
Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.106%, 7d avg −0.082%
Together, before fees−1.630%+ Points / potential airdropExtended: Active · farm board−$163 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Extended is 0.188% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.082%. Mind the row above: over the last 7 days funding on this pair cost −1.709%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ENSUSD6.6653−0.0850get 0.0106% / 1h25m 23s$90K$408K20x
ShortExtended ENS-USD6.67230.0104get 0.0013% / 1h25m 23s$1K$118K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$200.33
Price spread: +0.106% → −0.082%
$18.76
Slippage, 4 orders
−$81.05
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$123.04
Costs to cover
0.960%
Break-even
2.7 days
Slippage from Kraken Futures: live order book, 32 min ago; Extended: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 32 min ago16.59 bp28.3 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 30 min ago1.43 bp16.5 bp −$17156.5 bp −$1,565doesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSDlong−0.0850%1h6.6653long leg$90K$408K20x
Gate ENS_USDT+0.0020%8h6.6620−0.049%$455K$563K75xas long as short
BloFin ENS-USDT+0.0077%8h6.6660+0.011%$297K$73K20xas long as short
Aster ENSUSDT+0.0100%8h6.6643−0.014%$9K$105K10xas long as short
Binance ENSUSDT+0.0100%8h6.6741+0.132%$5.2M$13.5M75xas long as short
Bybit ENSUSDT+0.0100%8h6.6680+0.041%$5.4M$3.6M75xas long as short
OKX ENS-USDT-SWAP+0.0100%8h6.6690+0.056%$2.3M$3.3M20xas long as short
MEXC ENS_USDT+0.0100%8h6.6730+0.116%$5.7M$713K75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.6750+0.146%$1.8M$133K50xas long as short
Bitget ENSUSDT+0.0100%8h6.6720+0.101%$2.9M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0100%8h6.6670+0.026%$7.8Mas long as short
Variational Omni ENS+0.0100%8h6.6583−0.105%$106K$8Kas long as short
ApeX Omni ENSUSDT+0.0100%1h6.6730+0.116%$25K$598K50xas long as short
Extended ENS-USDshort+0.0104%1h6.6723+0.106%$1K$118K10x
Hyperliquid ENS+0.0157%1h6.6832+0.269%$3.0M$298K5xas long as short