Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.013%

Price spread now: Hyperliquid against Aster+0.221%7-day average +0.146% · 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−$69as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.221%, 7d avg +0.146%

Together, before fees−0.057%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.075% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6296	0.0100	pay 0.0100% / 8h	0m 48s	$8K	$104K	10x
Short	Hyperliquid ENS	6.6442	0.0196	get 0.0024% / 1h	0m 48s	$3.0M	$293K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.221%Rate

Funding earned: $20.09
Price spread: +0.221% → +0.146%: $7.49
Slippage, 4 orders: −$59.14
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$48.56
Costs to cover: 0.761%
Break-even: 23.9 days

Slippage from Aster: live order book, 47 min ago; Hyperliquid: live order book, just now.

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, 47 min ago	7.49 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, just now	1.50 bp	23.4 bp −$23	doesn't fit	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	−0.1032%	1h	6.6261	−0.052%	$90K	$346K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0012%	8h	6.6290	−0.009%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0085%	8h	6.6270	−0.039%	$462K	$572K	75x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6296	long leg	$8K	$104K	10x
Binance ENSUSDT	+0.0100%	8h	6.6340	+0.067%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6260	−0.054%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6330	+0.052%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6320	+0.037%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6300	+0.006%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6300	+0.006%	—	$7.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6231	−0.098%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6280	−0.024%	$24K	$608K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6298	+0.004%	$3K	$252K	10x	as long as short
BloFin ENS-USDT	+0.0117%	8h	6.6280	−0.024%	$293K	$76K	20x	as long as short
Hyperliquid ENSshort	+0.0196%	1h	6.6442	+0.221%	$3.0M	$293K	5x