Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1131%/8h= −123.9% APRpaid last 24h −0.315%

Price spread now: Kraken Futures against Aster−0.030%7-day average +0.035% · 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−$110as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+1.566%+$157 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.030%, 7d avg +0.035%

Together, before fees+1.650%+ Points / potential airdropAster: Stage 5 · farm board+$165 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Kraken Futures is 0.066% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +1.566%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6351	0.0100	pay 0.0100% / 8h	17m 21s	$8K	$104K	10x
Short	Kraken Futures PF_ENSUSD	6.6331	−0.1031	pay 0.0129% / 1h	17m 21s	$90K	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$237.6
Price spread: −0.030% → +0.035%: −$6.58
Slippage, 4 orders: −$84.95
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$347.12
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from Aster: live order book, 31 min ago; Kraken Futures: live order book, 20 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, 31 min ago	7.49 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 20 min ago	21.12 bp	37.4 bp −$37	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_ENSUSDshort	−0.1031%	1h	6.6331	−0.030%	$90K	$350K	20x
OKX ENS-USDT-SWAP	−0.0014%	8h	6.6310	−0.062%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0056%	8h	6.6330	−0.032%	$463K	$571K	75x	as long as short
BloFin ENS-USDT	+0.0078%	8h	6.6370	+0.029%	$294K	$76K	20x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6351	long leg	$8K	$104K	10x
Binance ENSUSDT	+0.0100%	8h	6.6400	+0.074%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6360	+0.013%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6390	+0.059%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6340	−0.017%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6380	+0.044%	$2.9M	$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	6.6370	+0.029%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6083	−0.403%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6290	−0.092%	$24K	$605K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6372	+0.031%	$3K	$255K	10x	as long as short
Hyperliquid ENS	+0.0127%	1h	6.6506	+0.234%	$3.0M	$292K	5x	as long as short