Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: Variational Omni against ApeX Omni−0.313%7-day average −0.126% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.313%, 7d avg −0.126%

Together, before fees+0.246%+ Points / potential airdropVariational Omni: Active · farm board+$25 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: Variational Omni is 0.187% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENSUSDT	6.5630	0.0100	pay 0.0013% / 1h	29m 03s	$24K	$605K	50x
Short	Variational Omni ENS	6.5425	0.0100	get 0.0100% / 8h	2h 29m	$104K	$9K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.313%Rate

Funding earned: $0
Price spread: −0.313% → −0.126%: −$18.66
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 19 min ago; Variational Omni: RFQ quote, 20 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 ApeX Omni live order book, 19 min ago	5.30 bp	13.1 bp −$13	96.7 bp −$967	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 20 min ago	6.49 bp	doesn't fit	47.7 bp −$477	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	−0.1039%	1h	6.5419	−0.321%	$89K	$379K	20x	as long as short
Gate ENS_USDT	+0.0032%	8h	6.5510	−0.183%	$456K	$570K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0057%	8h	6.5490	−0.213%	$2.3M	$3.4M	20x	as long as short
BloFin ENS-USDT	+0.0099%	8h	6.5490	−0.213%	$292K	$78K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.5530	−0.153%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.5494	−0.208%	$5.0M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.5470	−0.244%	$5.3M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.5580	−0.076%	$6.1M	$869K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.5570	−0.091%	$1.7M	$122K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.5500	−0.198%	$2.8M	$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-USDT	+0.0100%	8h	6.5510	−0.183%	—	$7.7M	—	as long as short
Variational Omni ENSshort	+0.0100%	8h	6.5425	−0.313%	$104K	$9K	—
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.5630	long leg	$24K	$605K	50x
Extended ENS-USD	+0.0104%	1h	6.5567	−0.096%	$3K	$259K	10x	as long as short
Hyperliquid ENS	+0.0201%	1h	6.5616	−0.021%	$3.0M	$294K	5x	as long as short