Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Bitget+0.151%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.362%+$36 · spread now +0.151%, 7d avg +0.070%

Together, before fees+0.302%+$30 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: ApeX Omni is 0.081% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6360	0.0100	pay 0.0100% / 8h	6h 44m	$3.0M	$1.3M	75x
Short	ApeX Omni ENSUSDT	6.6460	0.0100	get 0.0013% / 1h	44m 50s	$25K	$603K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.070%: $8.09
Slippage, 4 orders: −$46.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.73
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 23 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 Bitget live order book, 3 min ago	6.02 bp	23.8 bp −$24	62.4 bp −$624	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 min ago	5.90 bp	13.5 bp −$13	90.4 bp −$904	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	−0.0820%	1h	6.6250	−0.166%	$87K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0066%	8h	6.6250	−0.166%	$2.3M	$3.5M	20x	as long as short
Variational Omni ENS	+0.0078%	8h	6.6315	−0.068%	$106K	$8K	—	as long as short
BloFin ENS-USDT	+0.0097%	8h	6.6560	+0.301%	$301K	$77K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6347	−0.020%	$11K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6320	−0.060%	$5.1M	$14.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6260	−0.151%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6310	−0.075%	$458K	$566K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6300	−0.090%	$5.4M	$775K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6350	−0.015%	$1.8M	$144K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDTlong	+0.0100%	8h	6.6360	long leg	$3.0M	$1.3M	75x
BingX ENS-USDT	+0.0100%	8h	6.6350	−0.015%	—	$7.8M	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.6460	+0.151%	$25K	$603K	50x
Extended ENS-USD	+0.0104%	1h	6.6293	−0.101%	$194	$107K	10x	as long as short
Hyperliquid ENS	+0.0214%	1h	6.6416	+0.084%	$3.0M	$355K	5x	as long as short