ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0203%/8h= −22.2% APRnext payment −$2.03 per $10,000 · paid last 24h +0.009%

Price spread now: Gate against OKX+0.237%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now +0.237%, 7d avg 0.000%

Together, before fees−0.368%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.237% dearer against OKX than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of 0.000%): +$24 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 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	OKX ENS-USDT-SWAP	6.7530	−0.0051	get 0.0051% / 8h	2h 38m	$2.4M	$3.5M	20x
Short	Gate ENS_USDT	6.7690	−0.0254	pay 0.0254% / 8h	2h 38m	$460K	$576K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.237%Rate

Funding earned: −$42.64
Price spread: +0.237% → 0.000%: $23.71
Slippage, 4 orders: −$62.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.11
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 47 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, 4 min ago	2.22 bp	20.0 bp −$20	86.8 bp −$868	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	4.43 bp	28.9 bp −$29	99.3 bp −$993	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	−0.2144%	1h	6.7517	−0.019%	$92K	$436K	20x	as long as short
Gate ENS_USDTshort	−0.0254%	8h	6.7690	+0.237%	$460K	$576K	75x
Variational Omni ENS	−0.0162%	8h	6.7550	+0.030%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0138%	8h	6.7570	+0.059%	$5.4M	$3.8M	75x	as long as short
OKX ENS-USDT-SWAPlong	−0.0051%	8h	6.7530	long leg	$2.4M	$3.5M	20x
Aster ENSUSDT	−0.0033%	8h	6.7654	+0.184%	$9K	$88K	10x	as long as short
Bitget ENSUSDT	−0.0020%	8h	6.7630	+0.148%	$2.9M	$1.3M	75x	as long as short
ApeX Omni ENSUSDT	−0.0006%	1h	6.7670	+0.207%	$24K	$612K	50x	as long as short
BingX ENS-USDT	+0.0036%	8h	6.7620	+0.133%	—	$3.8M	—	as long as short
MEXC ENS_USDT	+0.0039%	8h	6.7610	+0.118%	$5.5M	$822K	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	+0.0039%	8h	6.7640	+0.163%	$5.3M	$13.8M	75x	as long as short
Extended ENS-USD	+0.0040%	1h	6.7641	+0.164%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0066%	8h	6.7620	+0.133%	$312K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7756	+0.335%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7670	+0.207%	$1.8M	$140K	50x	as long as short