ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against KuCoin−0.287%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1451.455% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.287%, 7d avg −0.036%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.250% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.287% now, against its 7-day average of −0.036%). If the spread goes back, that is −$25 on $10k: about 57 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.6260	0.0100	pay 0.0100% / 8h	4h 09m	$1.7M	$110K	50x
Short	BloFin ENS-USDT	6.6070	0.0115	get 0.0115% / 8h	4h 09m	$294K	$76K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.287%Rate

Funding earned: $3.1
Price spread: −0.287% → −0.036%: −$25.03
Slippage, 4 orders: −$121.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$167.39
Costs to cover: 1.455%
Break-even: 385.2 days

Slippage from KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	9.07 bp	76.5 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 25 min ago	0.76 bp	9.2 bp −$9	20.0 bp −$200	88.8 bp −$8,880	doesn't fit

ENS on 15 exchanges

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	−0.0811%	1h	6.6204	−0.084%	$94K	$250K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0016%	8h	6.6200	−0.091%	$2.3M	$2.9M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6349	+0.134%	$3.0M	$195K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6229	−0.047%	$9K	$131K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6261	+0.002%	$5.2M	$11.9M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6210	−0.075%	$5.4M	$3.0M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6220	−0.060%	$443K	$586K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6260	0.000%	$6.9M	$924K	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.6260	long leg	$1.7M	$110K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6230	−0.045%	$2.9M	$1.1M	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6190	−0.106%	—	$11.2M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6002	−0.390%	$107K	$20K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6080	−0.272%	$24K	$600K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6246	−0.021%	$4K	$258K	10x	as long as short
BloFin ENS-USDTshort	+0.0115%	8h	6.6070	−0.287%	$294K	$76K	20x