Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Binance against Bitget+0.003%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.183%+$18 · spread now +0.003%, 7d avg +0.043%

Together, before fees+0.222%+$22 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: Binance is 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6420	0.0100	pay 0.0100% / 8h	4h 42m	$2.9M	$1.2M	75x
Short	Binance ENSUSDT	6.6422	0.0100	get 0.0100% / 8h	4h 42m	$5.2M	$13.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.043%: −$4.03
Slippage, 4 orders: −$46.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.23
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 12 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, 5 min ago	6.04 bp	20.6 bp −$21	43.0 bp −$430	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.75 bp	13.3 bp −$13	32.5 bp −$325	248.8 bp −$24.9K	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	−0.0854%	1h	6.6308	−0.168%	$89K	$410K	20x	as long as short
Gate ENS_USDT	+0.0001%	8h	6.6500	+0.120%	$453K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6516	+0.145%	$11K	$105K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.6422	+0.003%	$5.2M	$13.4M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6440	+0.030%	$5.3M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6370	−0.075%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6430	+0.015%	$5.4M	$680K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6530	+0.166%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDTlong	+0.0100%	8h	6.6420	long leg	$2.9M	$1.2M	75x
BingX ENS-USDT	+0.0100%	8h	6.6460	+0.060%	—	$7.8M	—	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	6.6303	−0.177%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6330	−0.136%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6416	−0.006%	$1K	$118K	10x	as long as short
BloFin ENS-USDT	+0.0122%	8h	6.6450	+0.045%	$300K	$73K	20x	as long as short
Hyperliquid ENS	+0.0216%	1h	6.6507	+0.131%	$3.0M	$301K	5x	as long as short