Funding arb · Price arb /

ENS

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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 +0.009%

Price spread now: KuCoin against Bitget+0.211%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1861.860% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.187%−$19 · spread now +0.211%, 7d avg +0.046%

Together, before fees−0.111%−$11 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 0.165% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6350	0.0100	pay 0.0100% / 8h	1h 46m	$2.9M	$1.2M	75x
Short	KuCoin ENSUSDTM	6.6490	0.0100	get 0.0100% / 8h	1h 46m	$1.8M	$119K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.046%: $16.45
Slippage, 4 orders: −$162.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$169.57
Costs to cover: 1.860%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 10 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, 1 min ago	4.52 bp	17.1 bp −$17	44.0 bp −$440	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	9.02 bp	102.3 bp −$102	613.6 bp −$6,136	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	−0.1064%	1h	6.6351	+0.002%	$90K	$371K	20x	as long as short
ApeX Omni ENSUSDT	−0.1061%	1h	6.6550	+0.301%	$24K	$605K	50x	as long as short
OKX ENS-USDT-SWAP	+0.0015%	8h	6.6340	−0.015%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0059%	8h	6.6430	+0.121%	$463K	$572K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6508	+0.238%	$3.0M	$294K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6488	+0.208%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6389	+0.058%	$5.1M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6390	+0.060%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6390	+0.060%	$6.5M	$918K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.6490	+0.211%	$1.8M	$119K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDTlong	+0.0100%	8h	6.6350	long leg	$2.9M	$1.2M	75x
BingX ENS-USDT	+0.0100%	8h	6.6330	−0.030%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6399	+0.074%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6378	+0.043%	$3K	$258K	10x	as long as short
BloFin ENS-USDT	+0.0110%	8h	6.6450	+0.151%	$295K	$80K	20x	as long as short