Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: ApeX Omni against OKX+0.150%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.150%, 7d avg +0.104%

Together, before fees−0.191%−$19 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 0.046% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENS-USDT-SWAP	6.6630	0.0100	pay 0.0100% / 8h	4h 24m	$2.3M	$3.3M	20x
Short	ApeX Omni ENSUSDT	6.6730	0.0100	get 0.0013% / 1h	24m 50s	$25K	$598K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.104%: $4.61
Slippage, 4 orders: −$45.63
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.02
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 33 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 OKX live order book, 2 min ago	2.25 bp	20.2 bp −$20	86.9 bp −$869	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	7.53 bp	15.9 bp −$16	93.7 bp −$937	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	−0.0850%	1h	6.6653	+0.034%	$90K	$408K	20x	as long as short
Gate ENS_USDT	+0.0020%	8h	6.6640	+0.015%	$455K	$563K	75x	as long as short
BloFin ENS-USDT	+0.0077%	8h	6.6660	+0.045%	$297K	$73K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6679	+0.073%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6669	+0.059%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6630	0.000%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAPlong	+0.0100%	8h	6.6630	long leg	$2.3M	$3.3M	20x
MEXC ENS_USDT	+0.0100%	8h	6.6680	+0.075%	$5.6M	$713K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6780	+0.225%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6650	+0.030%	$2.9M	$1.2M	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	6.6670	+0.060%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6583	−0.071%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.6730	+0.150%	$25K	$598K	50x
Extended ENS-USD	+0.0104%	1h	6.6695	+0.098%	$1K	$118K	10x	as long as short
Hyperliquid ENS	+0.0156%	1h	6.6773	+0.215%	$3.0M	$296K	5x	as long as short