Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.011%

Price spread now: Binance against ApeX Omni+0.029%79s7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.584% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.029%, 7d avg −0.051%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.080% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.051%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENSUSDT	6.7970	0.0100	pay 0.0013% / 1h	6m 13s	$24K	$607K	50x
Short	Binance ENSUSDT	6.7990	0.0077	get 0.0077% / 8h	1h 06m	$5.5M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.029%Rate

Funding earned: −$4.81
Price spread: +0.029% → −0.051%: $8.05
Slippage, 4 orders: −$38.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.12
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; Binance: live order book, 4 min ago.

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 ApeX Omni live order book, 12 min ago	5.17 bp	15.1 bp −$15	91.9 bp −$919	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.74 bp	13.5 bp −$13	38.0 bp −$380	230.6 bp −$23.1K	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	−0.2239%	1h	6.7941	−0.043%	$94K	$447K	20x	as long as short
Gate ENS_USDT	−0.0219%	8h	6.7870	−0.147%	$447K	$577K	75x	as long as short
Variational Omni ENS	−0.0114%	8h	6.7926	−0.065%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0088%	8h	6.7960	−0.015%	$2.4M	$3.4M	20x	as long as short
Bybit ENSUSDT	−0.0063%	8h	6.7910	−0.088%	$5.5M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0062%	8h	6.8000	+0.044%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	+0.0009%	8h	6.7940	−0.044%	$14K	$94K	10x	as long as short
BloFin ENS-USDT	+0.0066%	8h	6.7930	−0.059%	$316K	$73K	20x	as long as short
MEXC ENS_USDT	+0.0075%	8h	6.8020	+0.074%	$5.6M	$866K	75x	as long as short
BingX ENS-USDT	+0.0075%	8h	6.7960	−0.015%	—	$3.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDTshort	+0.0077%	8h	6.7990	+0.029%	$5.5M	$13.7M	75x
Extended ENS-USD	+0.0080%	1h	6.8004	+0.051%	$1K	$181K	10x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.8157	+0.275%	$3.1M	$413K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7920	−0.074%	$1.8M	$137K	50x	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.7970	long leg	$24K	$607K	50x