Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.024%
Price spread now: KuCoin against OKX+0.225%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1671.668% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$6 on $10k
Price spread, last 7 days−0.305%−$30 · spread now +0.225%, 7d avg +0.031%
Together, before fees−0.250%−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.194% dearer against OKX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ENS-USDT-SWAP6.66000.0089pay 0.0089% / 8h3h 29m$2.4M$3.3M20x
ShortKuCoin ENSUSDTM6.67500.0100get 0.0100% / 8h3h 29m$1.8M$130K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$2.35
Price spread: +0.225% → +0.031%
$19.4
Slippage, 4 orders
−$144.77
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$145.01
Costs to cover
1.668%
Break-even
438.0 days
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago1.50 bp16.5 bp −$1786.9 bp −$869doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago8.98 bp95.3 bp −$95631.9 bp −$6,319doesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.0673%1h6.6670+0.105%$90K$405K20xas long as short
ApeX Omni ENSUSDT−0.0104%1h6.6770+0.255%$25K$601K50xas long as short
Gate ENS_USDT+0.0075%8h6.6650+0.075%$456K$561K75xas long as short
OKX ENS-USDT-SWAPlong+0.0089%8h6.6600long leg$2.4M$3.3M20x
Hyperliquid ENS+0.0100%1h6.6788+0.282%$3.0M$293K5xas long as short
Aster ENSUSDT+0.0100%8h6.6717+0.176%$9K$105K10xas long as short
Binance ENSUSDT+0.0100%8h6.6660+0.090%$5.1M$13.4M75xas long as short
Bybit ENSUSDT+0.0100%8h6.6630+0.045%$5.4M$3.6M75xas long as short
MEXC ENS_USDT+0.0100%8h6.6660+0.090%$5.9M$755K75xas long as short
KuCoin ENSUSDTMshort+0.0100%8h6.6750+0.225%$1.8M$130K50x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ENSUSDT+0.0100%8h6.6710+0.165%$2.9M$1.2M75xas long as short
BingX ENS-USDT+0.0100%8h6.6700+0.150%$7.7Mas long as short
Variational Omni ENS+0.0100%8h6.6768+0.253%$107K$9Kas long as short
Extended ENS-USD+0.0104%1h6.6683+0.125%$2K$120K10xas long as short
BloFin ENS-USDT+0.0106%8h6.6810+0.315%$299K$74K20xas long as short