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 +0.051%

Price spread now: BingX against Variational Omni+0.909%7-day average +0.036% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.981%−$98 · spread now +0.909%, 7d avg +0.036%

Together, before fees−0.917%+ Points / potential airdropVariational Omni: Active · farm board−$92 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: BingX is 0.873% dearer against Variational Omni than usual: you sell high and buy low, +$87 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENS	6.6178	0.0100	pay 0.0100% / 8h	4h 31m	$106K	$8K	—
Short	BingX ENS-USDT	6.6780	0.0100	get 0.0100% / 8h	4h 31m	—	$7.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BingXbpOrdersPrice spread, now +0.909%Rate

Funding earned: $0
Price spread: +0.909% → +0.036%: $87.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $77.33
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; BingX: live order book, 6 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, 28 min ago	4.21 bp	doesn't fit	53.5 bp −$535	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.52 bp	18.5 bp −$19	41.7 bp −$417	191.7 bp −$19.2K	462.7 bp −$231.4K

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	−0.0848%	1h	6.6786	+0.918%	$90K	$408K	20x	as long as short
Gate ENS_USDT	−0.0004%	8h	6.6710	+0.803%	$455K	$563K	75x	as long as short
BloFin ENS-USDT	+0.0075%	8h	6.6860	+1.030%	$300K	$73K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6788	+0.922%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6835	+0.992%	$5.2M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6790	+0.924%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6780	+0.909%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6830	+0.985%	$5.7M	$681K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6780	+0.909%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6800	+0.939%	$2.9M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDTshort	+0.0100%	8h	6.6780	+0.909%	—	$7.8M	—
Variational Omni ENSlong	+0.0100%	8h	6.6178	long leg	$106K	$8K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6460	+0.425%	$25K	$599K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6812	+0.957%	$1K	$118K	10x	as long as short
Hyperliquid ENS	+0.0221%	1h	6.6922	+1.124%	$3.0M	$298K	5x	as long as short