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 −0.019%

Price spread now: Bybit against Aster−0.116%7-day average −0.090% · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.116%, 7d avg −0.090%

Together, before fees+0.030%+ Points / potential airdropAster: Stage 5 · farm board+$3 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: Bybit is 0.026% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.7879	0.0100	pay 0.0100% / 8h	7h 10m	$15K	$103K	10x
Short	Bybit ENSUSDT	6.7800	0.0100	get 0.0100% / 8h	7h 10m	$5.4M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.090%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.58
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 8 min ago; Bybit: live order book, 3 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 Aster live order book, 8 min ago	6.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.43 bp	18.6 bp −$19	57.4 bp −$574	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	−0.1387%	1h	6.7799	−0.118%	$91K	$441K	20x	as long as short
Variational Omni ENS	+0.0043%	8h	6.7654	−0.332%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	+0.0049%	8h	6.7780	−0.146%	$2.4M	$3.4M	20x	as long as short
BloFin ENS-USDT	+0.0084%	8h	6.7710	−0.249%	$311K	$74K	20x	as long as short
Bitget ENSUSDT	+0.0097%	8h	6.7870	−0.013%	$3.0M	$1.3M	75x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.7879	long leg	$15K	$103K	10x
Binance ENSUSDT	+0.0100%	8h	6.7879	0.000%	$5.4M	$13.5M	75x	as long as short
Bybit ENSUSDTshort	+0.0100%	8h	6.7800	−0.116%	$5.4M	$3.7M	75x
Gate ENS_USDT	+0.0100%	8h	6.7800	−0.116%	$465K	$575K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7890	+0.016%	$5.5M	$864K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.7880	+0.002%	$1.8M	$129K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7890	+0.016%	—	$7.9M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7630	−0.367%	$25K	$605K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7895	+0.024%	$4K	$107K	10x	as long as short
Hyperliquid ENS	+0.0374%	1h	6.8005	+0.186%	$3.1M	$360K	5x	as long as short