Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.046%

Price spread now: Aster against Variational Omni−0.015%7-day average +0.085% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.407%−$41 · spread now −0.015%, 7d avg +0.085%

Together, before fees−0.353%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$35 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: Aster is 0.100% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENS	6.6617	0.0100	pay 0.0100% / 8h	43m 25s	$109K	$13K	—
Short	Aster ENSUSDT	6.6607	0.0100	get 0.0100% / 8h	43m 25s	$9K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.085%: −$10.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.03
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Aster: live order book, 5 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 60 min ago	4.96 bp	doesn't fit	63.2 bp −$632	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	7.49 bp	19.5 bp −$19	doesn't fit	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	−0.1028%	1h	6.6581	−0.055%	$91K	$358K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0022%	8h	6.6600	−0.026%	$2.3M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0080%	8h	6.6590	−0.041%	$294K	$78K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6747	+0.195%	$3.0M	$293K	5x	as long as short
Aster ENSUSDTshort	+0.0100%	8h	6.6607	−0.015%	$9K	$104K	10x
Binance ENSUSDT	+0.0100%	8h	6.6620	+0.004%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6590	−0.041%	$5.4M	$3.3M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6620	+0.004%	$464K	$570K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6640	+0.035%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6650	+0.050%	$1.8M	$118K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6630	+0.019%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6600	−0.026%	—	$7.5M	—	as long as short
Variational Omni ENSlong	+0.0100%	8h	6.6617	long leg	$109K	$13K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6600	−0.026%	$24K	$608K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6600	−0.025%	$2K	$250K	10x	as long as short