Funding arb · Price arb /

ENS

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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: KuCoin against Variational Omni+0.011%7-day average +0.119% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.011%, 7d avg +0.119%

Together, before fees+0.072%+ Points / potential airdropVariational Omni: Active · farm board+$7 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: KuCoin is 0.108% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENS	6.6623	0.0100	pay 0.0100% / 8h	3h 09m	$107K	$9K	—
Short	KuCoin ENSUSDTM	6.6630	0.0100	get 0.0100% / 8h	3h 09m	$1.8M	$124K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.119%: −$10.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.84
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; KuCoin: live order book, 1 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, 44 min ago	7.18 bp	doesn't fit	51.8 bp −$518	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.99 bp	75.9 bp −$76	591.4 bp −$5,914	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	−0.0674%	1h	6.6575	−0.072%	$90K	$386K	20x	as long as short
ApeX Omni ENSUSDT	+0.0018%	1h	6.6830	+0.311%	$25K	$601K	50x	as long as short
Gate ENS_USDT	+0.0049%	8h	6.6650	+0.041%	$456K	$562K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0057%	8h	6.6600	−0.034%	$2.4M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0089%	8h	6.6750	+0.191%	$299K	$79K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6771	+0.223%	$3.0M	$292K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6528	−0.142%	$10K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6650	+0.041%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6600	−0.034%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6600	−0.034%	$5.9M	$809K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTMshort	+0.0100%	8h	6.6630	+0.011%	$1.8M	$124K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6680	+0.086%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6600	−0.034%	—	$7.7M	—	as long as short
Variational Omni ENSlong	+0.0100%	8h	6.6623	long leg	$107K	$9K	—
Extended ENS-USD	+0.0104%	1h	6.6631	+0.013%	$794	$256K	10x	as long as short