Funding you earn now, next payment 16:00 UTC−0.0315%/8h= −34.5% APRnext payment −$3.15 per $10,000 · paid last 24h −0.029%
Price spread now: Gate against KuCoin−0.166%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1691.694% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.166%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ENSUSDTM | 6.6450 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $1.8M | $118K | 50x |
| Short | Gate ENS_USDT | 6.6340 | −0.0215 | pay 0.0215% / 8h | 7h 22m | $462K | $553K | 75x |
KuCoin ENSUSDTM
Gate ENS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.15
- Price spread: −0.166% → −0.088%
- −$7.8
- Slippage, 4 orders
- −$142.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$243.32
- Costs to cover
- 1.694%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 9 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, 4 min ago | 10.61 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 9 min ago | 6.85 bp | 31.5 bp −$32 | 118.2 bp −$1,182 | 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 | −0.0942% | 1h | 6.6384 | −0.099% | $90K | $340K | 20x | as long as short |
| Gate ENS_USDTshort | −0.0215% | 8h | 6.6340 | −0.166% | $462K | $553K | 75x | |
| OKX ENS-USDT-SWAP | −0.0004% | 8h | 6.6460 | +0.015% | $2.3M | $3.3M | 20x | as long as short |
| Hyperliquid ENS | +0.0100% | 1h | 6.6530 | +0.120% | $3.0M | $239K | 5x | as long as short |
| Aster ENSUSDT | +0.0100% | 8h | 6.6470 | +0.030% | $7K | $102K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.6490 | +0.060% | $5.1M | $13.1M | 75x | as long as short |
| Bybit ENSUSDT | +0.0100% | 8h | 6.6450 | 0.000% | $5.4M | $3.2M | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.6470 | +0.030% | $6.9M | $1.0M | 75x | as long as short |
| KuCoin ENSUSDTMlong | +0.0100% | 8h | 6.6450 | long leg | $1.8M | $118K | 50x | |
| Bitget ENSUSDT | +0.0100% | 8h | 6.6460 | +0.015% | $2.9M | $1.1M | 75x | as long as short |
Kraken Futures PF_ENSUSD
OKX ENS-USDT-SWAP
Hyperliquid ENS
Aster ENSUSDT
Binance ENSUSDT
Bybit ENSUSDT
MEXC ENS_USDT
Bitget ENSUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ENS-USDT | +0.0100% | 8h | 6.6490 | +0.060% | — | $11.1M | — | as long as short |
| Variational Omni ENS | +0.0100% | 8h | 6.5732 | −1.080% | $105K | $19K | — | as long as short |
| ApeX Omni ENSUSDT | +0.0100% | 1h | 6.5770 | −1.023% | $24K | $607K | 50x | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.6481 | +0.046% | $3K | $252K | 10x | as long as short |
| BloFin ENS-USDT | +0.0121% | 8h | 6.6440 | −0.015% | $295K | $76K | 20x | as long as short |
BingX ENS-USDT
Variational Omni ENS
ApeX Omni ENSUSDT
Extended ENS-USD
BloFin ENS-USDT