Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.051%

Price spread now: Variational Omni against KuCoin−0.072%7-day average −0.119% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.072%, 7d avg −0.119%

Together, before fees+0.030%+ Points / potential airdropVariational Omni: Active · farm board+$3 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: Variational Omni is 0.047% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.6610	0.0100	pay 0.0100% / 8h	5h 38m	$1.8M	$138K	50x
Short	Variational Omni ENS	6.6562	0.0100	get 0.0100% / 8h	5h 38m	$106K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.119%: $4.65
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 25 min ago. Net counts fees only.

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, 2 min ago	9.75 bp	81.5 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 25 min ago	7.18 bp	doesn't fit	40.0 bp −$400	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	−0.0938%	1h	6.6457	−0.230%	$89K	$432K	20x	as long as short
Gate ENS_USDT	+0.0049%	8h	6.6550	−0.090%	$453K	$563K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0089%	8h	6.6530	−0.120%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6697	+0.131%	$3.0M	$302K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6590	−0.030%	$10K	$108K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6579	−0.047%	$5.2M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6520	−0.135%	$5.3M	$3.7M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6570	−0.060%	$5.4M	$726K	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.6610	long leg	$1.8M	$138K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6540	−0.105%	$2.9M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6550	−0.090%	—	$7.8M	—	as long as short
Variational Omni ENSshort	+0.0100%	8h	6.6562	−0.072%	$106K	$8K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6700	+0.135%	$25K	$597K	50x	as long as short
BloFin ENS-USDT	+0.0101%	8h	6.6550	−0.090%	$300K	$76K	20x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6540	−0.106%	$888	$114K	10x	as long as short