Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Bitget+0.105%75s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$600.603% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.105%, 7d avg +0.017%
Together, before fees−0.100%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.089% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ENSUSDT6.64800.0100pay 0.0100% / 8h1h 56m$2.9M$1.2M75x
ShortBloFin ENS-USDT6.65500.0120get 0.0120% / 8h1h 56m$293K$80K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$4.26
Price spread: +0.105% → +0.017%
$8.86
Slippage, 4 orders
−$36.25
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$47.13
Costs to cover
0.603%
Break-even
84.5 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago4.51 bp19.1 bp −$1950.4 bp −$504doesn't fitdoesn't fit
Sell BloFin live order book, 11 min ago3.75 bp14.3 bp −$1426.0 bp −$260110.1 bp −$11.0Kdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.1063%1h6.6389−0.136%$90K$372K20xas long as short
OKX ENS-USDT-SWAP+0.0067%8h6.6390−0.135%$2.3M$3.4M20xas long as short
Gate ENS_USDT+0.0091%8h6.6630+0.226%$463K$572K75xas long as short
Hyperliquid ENS+0.0100%1h6.6581+0.152%$3.0M$295K5xas long as short
Aster ENSUSDT+0.0100%8h6.6462−0.027%$9K$105K10xas long as short
Binance ENSUSDT+0.0100%8h6.6460−0.030%$5.1M$13.6M75xas long as short
Bybit ENSUSDT+0.0100%8h6.6400−0.120%$5.4M$3.4M75xas long as short
MEXC ENS_USDT+0.0100%8h6.6450−0.045%$6.2M$862K75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.6540+0.090%$1.8M$119K50xas long as short
Bitget ENSUSDTlong+0.0100%8h6.6480long leg$2.9M$1.2M75x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0100%8h6.6430−0.075%$7.5Mas long as short
Variational Omni ENS+0.0100%8h6.6478−0.003%$106K$9Kas long as short
ApeX Omni ENSUSDT+0.0100%1h6.6590+0.165%$24K$605K50xas long as short
Extended ENS-USD+0.0104%1h6.6443−0.056%$3K$258K10xas long as short
BloFin ENS-USDTshort+0.0120%8h6.6550+0.105%$293K$80K20x