Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance+0.147%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1491.486% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days−0.232%−$23 · spread now +0.147%, 7d avg +0.001%

Together, before fees−0.189%−$19 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: KuCoin is 0.146% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.7930	0.0100	pay 0.0100% / 8h	40m 22s	$5.6M	$13.8M	75x
Short	KuCoin ENSUSDTM	6.8030	0.0100	get 0.0100% / 8h	40m 22s	$1.8M	$137K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.001%: $14.64
Slippage, 4 orders: −$126.57
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$133.93
Costs to cover: 1.486%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 1 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, 15 min ago	0.73 bp	15.4 bp −$15	50.5 bp −$505	543.5 bp −$54.4K	doesn't fit
Sell KuCoin live order book, 1 min ago	4.41 bp	58.8 bp −$59	590.9 bp −$5,909	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	−0.1935%	1h	6.7843	−0.128%	$94K	$446K	20x	as long as short
Gate ENS_USDT	−0.0186%	8h	6.8070	+0.206%	$452K	$576K	75x	as long as short
Variational Omni ENS	−0.0082%	8h	6.7962	+0.046%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0061%	8h	6.7890	−0.059%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0033%	8h	6.7910	−0.029%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0013%	8h	6.7870	−0.088%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0059%	8h	6.8026	+0.141%	$10K	$97K	10x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.7930	long leg	$5.6M	$13.8M	75x
MEXC ENS_USDT	+0.0100%	8h	6.7950	+0.029%	$5.6M	$855K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.8030	+0.147%	$1.8M	$137K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.7970	+0.059%	—	$3.6M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8310	+0.559%	$24K	$609K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7917	−0.019%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0115%	8h	6.8070	+0.206%	$320K	$75K	20x	as long as short
Hyperliquid ENS	+0.0233%	1h	6.8120	+0.280%	$3.1M	$410K	5x	as long as short