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

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.023%
Price spread now: ApeX Omni against Variational Omni+0.293%73s7-day average +0.124% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.016%+$2 on $10k
Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.293%, 7d avg +0.124%
Together, before fees−0.235%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.169% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.124%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.016% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ENS6.7881−0.0113get 0.0113% / 8h58m 11s$112K$5K
ShortApeX Omni ENSUSDT6.80800.0100get 0.0013% / 1h58m 11s$24K$608K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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
$44.75
Price spread: +0.293% → +0.124%
$16.94
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$51.69
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 21 min ago; ApeX Omni: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 21 min ago7.14 bpdoesn't fit43.0 bp −$430doesn't fitdoesn't fit
Sell ApeX Omni live order book, 20 min ago5.17 bp13.9 bp −$1498.8 bp −$988doesn'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−0.1930%1h6.8011+0.192%$94K$447K20xas long as short
Gate ENS_USDT−0.0195%8h6.7960+0.117%$448K$573K75xas long as short
Variational Omni ENSlong−0.0113%8h6.7881long leg$112K$5K
OKX ENS-USDT-SWAP−0.0073%8h6.8010+0.190%$2.4M$3.5M20xas long as short
Bitget ENSUSDT−0.0049%8h6.8000+0.176%$2.9M$1.3M75xas long as short
Bybit ENSUSDT−0.0045%8h6.8010+0.190%$5.5M$3.8M75xas long as short
Aster ENSUSDT+0.0027%8h6.8069+0.277%$13K$94K10xas long as short
BingX ENS-USDT+0.0081%8h6.8040+0.234%$3.5Mas long as short
BloFin ENS-USDT+0.0088%8h6.8050+0.249%$315K$75K20xas long as short
MEXC ENS_USDT+0.0092%8h6.8080+0.293%$5.6M$849K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENSUSDT+0.0093%8h6.8073+0.282%$5.5M$13.7M75xas long as short
Extended ENS-USD+0.0096%1h6.8058+0.261%$1K$181K10xas long as short
KuCoin ENSUSDTM+0.0100%8h6.8080+0.293%$1.8M$138K50xas long as short
ApeX Omni ENSUSDTshort+0.0100%1h6.8080+0.293%$24K$608K50x
Hyperliquid ENS+0.0277%1h6.8226+0.508%$3.1M$413K5xas long as short