Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against KuCoin+0.209%97s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as 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−$1721.717% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now +0.209%, 7d avg +0.012%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.197% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 97 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	KuCoin ENSUSDTM	6.6950	0.0100	pay 0.0100% / 8h	5h 59m	$1.8M	$146K	50x
Short	ApeX Omni ENSUSDT	6.7090	0.0100	get 0.0013% / 1h	59m 52s	$25K	$596K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.209%Rate

Funding earned: $0
Price spread: +0.209% → +0.012%: $19.68
Slippage, 4 orders: −$149.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$152.01
Costs to cover: 1.717%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; ApeX Omni: live order book, 3 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 KuCoin live order book, 1 min ago	8.95 bp	78.9 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	7.46 bp	15.1 bp −$15	90.7 bp −$907	doesn't fit	doesn't fit

ENS on 14 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_ENSUSD	−0.0813%	1h	6.6842	−0.161%	$90K	$440K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0077%	8h	6.6920	−0.045%	$2.3M	$3.4M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7103	+0.229%	$3.1M	$305K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6945	−0.008%	$12K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6932	−0.027%	$5.2M	$13.8M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6850	−0.149%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6910	−0.060%	$455K	$573K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6900	−0.075%	$5.4M	$795K	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.6950	long leg	$1.8M	$146K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6920	−0.045%	$2.9M	$1.3M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6940	−0.015%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6913	−0.055%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.7090	+0.209%	$25K	$596K	50x
Extended ENS-USD	+0.0104%	1h	6.6914	−0.054%	$6K	$113K	10x	as long as short