Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against Aster−0.014%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.014%, 7d avg +0.041%

Together, before fees+0.190%+ Points / potential airdropAster: Stage 5 · farm board+$19 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: ApeX Omni is 0.055% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.5829	0.0100	pay 0.0100% / 8h	7h 27m	$7K	$102K	10x
Short	ApeX Omni ENSUSDT	6.5820	0.0100	get 0.0013% / 1h	27m 32s	$24K	$607K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.041%: −$5.51
Slippage, 4 orders: −$51.88
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.39
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from Aster: live order book, 15 min ago; ApeX Omni: live order book, 5 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 Aster live order book, 15 min ago	5.28 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	6.84 bp	19.4 bp −$19	102.2 bp −$1,022	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	−0.0952%	1h	6.5646	−0.278%	$89K	$341K	20x	as long as short
Gate ENS_USDT	−0.0370%	8h	6.5720	−0.166%	$458K	$551K	75x	as long as short
OKX ENS-USDT-SWAP	−0.0015%	8h	6.5720	−0.166%	$2.3M	$3.2M	20x	as long as short
BloFin ENS-USDT	+0.0096%	8h	6.5770	−0.090%	$293K	$75K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.5859	+0.046%	$3.0M	$292K	5x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.5829	long leg	$7K	$102K	10x
Binance ENSUSDT	+0.0100%	8h	6.5785	−0.067%	$5.1M	$13.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.5720	−0.166%	$5.3M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.5770	−0.090%	$6.8M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.5800	−0.044%	$1.7M	$119K	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	6.5740	−0.135%	$2.9M	$1.1M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.5760	−0.105%	—	$11.1M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.5754	−0.114%	$107K	$17K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.5820	−0.014%	$24K	$607K	50x
Extended ENS-USD	+0.0104%	1h	6.5772	−0.087%	$3K	$252K	10x	as long as short