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 −0.004%

Price spread now: Bitget against Aster+0.041%7-day average −0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.041%, 7d avg −0.025%

Together, before fees−0.167%+ Points / potential airdropAster: Stage 5 · farm board−$17 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: Bitget is 0.065% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6383	0.0100	pay 0.0100% / 8h	2h 57m	$10K	$104K	10x
Short	Bitget ENSUSDT	6.6410	0.0100	get 0.0100% / 8h	2h 57m	$2.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.025%: $6.55
Slippage, 4 orders: −$58.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.9
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Bitget: 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, 1 min ago	4.52 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	6.78 bp	19.1 bp −$19	49.0 bp −$490	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	−0.1024%	1h	6.6401	+0.028%	$90K	$383K	20x	as long as short
ApeX Omni ENSUSDT	+0.0037%	1h	6.6350	−0.050%	$25K	$602K	50x	as long as short
OKX ENS-USDT-SWAP	+0.0055%	8h	6.6440	+0.086%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0064%	8h	6.6370	−0.019%	$460K	$564K	75x	as long as short
BloFin ENS-USDT	+0.0072%	8h	6.6550	+0.252%	$299K	$79K	20x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6383	long leg	$10K	$104K	10x
Binance ENSUSDT	+0.0100%	8h	6.6503	+0.180%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6430	+0.071%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6480	+0.146%	$6.1M	$863K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6380	−0.004%	$1.7M	$122K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDTshort	+0.0100%	8h	6.6410	+0.041%	$2.9M	$1.2M	75x
BingX ENS-USDT	+0.0100%	8h	6.6360	−0.035%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6288	−0.142%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6460	+0.116%	$790	$255K	10x	as long as short
Hyperliquid ENS	+0.0332%	1h	6.6616	+0.351%	$3.0M	$294K	5x	as long as short