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+0.0107%/8h= +11.8% APRnext payment +$1.07 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget+0.340%105s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$640.643% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 3 days (all we have)−0.391%−$39 · spread now +0.340%, 7d avg +0.032%
Together, before fees−0.350%−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.308% dearer against Bitget than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ENSUSDT6.76700.0018pay 0.0018% / 8h7h 55m$2.9M$1.3M75x
ShortBloFin ENS-USDT6.79000.0125get 0.0125% / 8h7h 55m$312K$76K20x

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
$22.57
Price spread: +0.340% → +0.032%
$30.81
Slippage, 4 orders
−$40.31
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$10.93
Costs to cover
0.643%
Break-even
10.4 days
Slippage from Bitget: live order book, 2 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, 2 min ago5.90 bp21.4 bp −$2147.8 bp −$478doesn't fitdoesn't fit
Sell BloFin live order book, 11 min ago1.48 bp16.2 bp −$1628.4 bp −$284102.9 bp −$10.3Kdoesn'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−0.1384%1h6.7932+0.388%$93K$447K20xas long as short
Variational Omni ENS−0.0036%8h6.8006+0.496%$111K$5Kas long as short
OKX ENS-USDT-SWAP−0.0035%8h6.7640−0.044%$2.4M$3.5M20xas long as short
Bitget ENSUSDTlong+0.0018%8h6.7670long leg$2.9M$1.3M75x
Gate ENS_USDT+0.0022%8h6.7750+0.118%$457K$569K75xas long as short
Aster ENSUSDT+0.0100%8h6.7758+0.131%$15K$103K10xas long as short
Binance ENSUSDT+0.0100%8h6.7707+0.054%$5.4M$14.0M75xas long as short
Bybit ENSUSDT+0.0100%8h6.7650−0.030%$5.4M$3.8M75xas long as short
MEXC ENS_USDT+0.0100%8h6.7700+0.044%$5.5M$861K75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.7780+0.163%$1.8M$136K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0100%8h6.7730+0.089%$8.1Mas long as short
ApeX Omni ENSUSDT+0.0100%1h6.7840+0.251%$25K$607K50xas long as short
Extended ENS-USD+0.0104%1h6.7723+0.078%$1K$176K10xas long as short
BloFin ENS-USDTshort+0.0125%8h6.7900+0.340%$312K$76K20x
Hyperliquid ENS+0.0244%1h6.7875+0.303%$3.1M$414K5xas long as short