ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h −0.027%

Price spread now: Gate against Binance−0.072%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.072%, 7d avg −0.046%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.6258	0.0100	pay 0.0100% / 8h	2h 52m	$5.1M	$13.5M	75x
Short	Gate ENS_USDT	6.6210	0.0056	get 0.0056% / 8h	2h 52m	$459K	$565K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: −$9.24
Price spread: −0.072% → −0.046%: −$2.6
Slippage, 4 orders: −$59.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.45
Costs to cover: 0.846%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: live order book, 59 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 Binance live order book, 3 min ago	2.26 bp	12.6 bp −$13	34.1 bp −$341	560.5 bp −$56.0K	doesn't fit
Sell Gate live order book, 59 min ago	7.46 bp	28.3 bp −$28	104.0 bp −$1,040	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	−0.1027%	1h	6.6165	−0.140%	$89K	$382K	20x	as long as short
Gate ENS_USDTshort	+0.0056%	8h	6.6210	−0.072%	$459K	$565K	75x
OKX ENS-USDT-SWAP	+0.0062%	8h	6.6250	−0.012%	$2.3M	$3.4M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6226	−0.048%	$10K	$105K	10x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.6258	long leg	$5.1M	$13.5M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6180	−0.117%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6260	+0.003%	$6.1M	$863K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6250	−0.012%	$1.7M	$122K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6210	−0.072%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6240	−0.027%	—	$7.7M	—	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	6.6338	+0.122%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6250	−0.011%	$3K	$259K	10x	as long as short
BloFin ENS-USDT	+0.0128%	8h	6.6250	−0.012%	$299K	$79K	20x	as long as short
Hyperliquid ENS	+0.0291%	1h	6.6327	+0.104%	$3.0M	$293K	5x	as long as short
ApeX Omni ENSUSDT	+0.0781%	1h	6.6360	+0.154%	$25K	$602K	50x	as long as short