Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h −0.018%

Price spread now: ApeX Omni against BloFin+0.015%103s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.495% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.015%, 7d avg +0.041%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.026% cheaper against BloFin than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.041%). If the spread goes back, that is −$3 on $10k: about 6.0 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENS-USDT	6.6290	0.0086	pay 0.0086% / 8h	5m 22s	$293K	$76K	20x
Short	ApeX Omni ENSUSDT	6.6300	0.0100	get 0.0013% / 1h	5m 22s	$24K	$607K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $3
Price spread: +0.015% → +0.041%: −$2.56
Slippage, 4 orders: −$27.5
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.06
Costs to cover: 0.495%
Break-even: 121.6 days

Slippage from BloFin: live order book, 57 min ago; ApeX Omni: live order book, 32 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 BloFin live order book, 57 min ago	0.75 bp	15.2 bp −$15	27.0 bp −$270	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	5.28 bp	13.4 bp −$13	105.6 bp −$1,056	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	−0.1033%	1h	6.6218	−0.109%	$90K	$346K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0011%	8h	6.6280	−0.015%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0078%	8h	6.6270	−0.030%	$462K	$572K	75x	as long as short
BloFin ENS-USDTlong	+0.0086%	8h	6.6290	long leg	$293K	$76K	20x
Aster ENSUSDT	+0.0100%	8h	6.6305	+0.023%	$8K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6323	+0.050%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6270	−0.030%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6310	+0.030%	$6.8M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6330	+0.060%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6310	+0.030%	$2.9M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6320	+0.045%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6196	−0.142%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.6300	+0.015%	$24K	$607K	50x
Extended ENS-USD	+0.0104%	1h	6.6298	+0.011%	$3K	$255K	10x	as long as short
Hyperliquid ENS	+0.0171%	1h	6.6454	+0.247%	$3.0M	$292K	5x	as long as short