Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.006%

Price spread now: Extended against OKX+0.081%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.081%, 7d avg +0.014%

Together, before fees−0.127%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.067% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENS-USDT-SWAP	6.7730	−0.0083	get 0.0083% / 8h	1h 21m	$2.4M	$3.4M	20x
Short	Extended ENS-USD	6.7785	0.0064	get 0.0008% / 1h	21m 52s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.081%Rate

Funding earned: $30.86
Price spread: +0.081% → +0.014%: $6.69
Slippage, 4 orders: −$62.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.26
Costs to cover: 0.778%
Break-even: 16.1 days

Slippage from OKX: live order book, just now; Extended: live order book, 60 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, just now	0.74 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	3.09 bp	21.0 bp −$21	126.9 bp −$1,269	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	−0.2247%	1h	6.7695	−0.051%	$92K	$435K	20x	as long as short
Gate ENS_USDT	−0.0222%	8h	6.7650	−0.118%	$460K	$565K	75x	as long as short
Variational Omni ENS	−0.0130%	8h	6.7427	−0.448%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAPlong	−0.0083%	8h	6.7730	long leg	$2.4M	$3.4M	20x
Bitget ENSUSDT	−0.0078%	8h	6.7760	+0.044%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0074%	8h	6.7710	−0.030%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	−0.0002%	8h	6.7785	+0.082%	$8K	$89K	10x	as long as short
BloFin ENS-USDT	+0.0051%	8h	6.7560	−0.251%	$308K	$73K	20x	as long as short
BingX ENS-USDT	+0.0061%	8h	6.7800	+0.103%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0063%	8h	6.7800	+0.103%	$5.6M	$850K	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	+0.0063%	8h	6.7809	+0.117%	$5.3M	$13.4M	75x	as long as short
Extended ENS-USDshort	+0.0064%	1h	6.7785	+0.081%	$1K	$181K	10x
Hyperliquid ENS	+0.0100%	1h	6.7897	+0.247%	$3.1M	$408K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7750	+0.030%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7530	−0.295%	$24K	$606K	50x	as long as short