ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0163%/8h= −17.9% APRnext payment −$1.63 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against KuCoin−0.250%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2182.175% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.276%+$28 · spread now −0.250%, 7d avg −0.076%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.174% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.8020	0.0100	pay 0.0100% / 8h	1h 09m	$1.8M	$142K	50x
Short	Bybit ENSUSDT	6.7850	−0.0063	pay 0.0063% / 8h	1h 09m	$5.5M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$34.26
Price spread: −0.250% → −0.076%: −$17.36
Slippage, 4 orders: −$194.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$269.12
Costs to cover: 2.175%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bybit: 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	9.56 bp	99.4 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.67 bp	18.5 bp −$18	47.2 bp −$472	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_ENSUSD	−0.2241%	1h	6.7865	−0.229%	$94K	$447K	20x	as long as short
Gate ENS_USDT	−0.0207%	8h	6.7900	−0.176%	$447K	$577K	75x	as long as short
Variational Omni ENS	−0.0114%	8h	6.7926	−0.138%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0086%	8h	6.7860	−0.235%	$2.4M	$3.4M	20x	as long as short
Bybit ENSUSDTshort	−0.0063%	8h	6.7850	−0.250%	$5.5M	$3.8M	75x
Bitget ENSUSDT	−0.0062%	8h	6.7990	−0.044%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	+0.0016%	8h	6.8004	−0.024%	$8K	$93K	10x	as long as short
BloFin ENS-USDT	+0.0049%	8h	6.8000	−0.029%	$313K	$73K	20x	as long as short
BingX ENS-USDT	+0.0075%	8h	6.7890	−0.191%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0077%	8h	6.7900	−0.176%	$5.6M	$866K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0079%	8h	6.7900	−0.176%	$5.5M	$13.7M	75x	as long as short
Extended ENS-USD	+0.0080%	1h	6.7886	−0.197%	$1K	$181K	10x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.8052	+0.047%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.8020	long leg	$1.8M	$142K	50x
ApeX Omni ENSUSDT	+0.0100%	1h	6.7750	−0.397%	$24K	$607K	50x	as long as short