Funding you earn now, next payment 16:00 UTC−0.0358%/8h= −39.2% APRnext payment −$3.58 per $10,000 · paid last 24h −0.033%
Price spread now: Gate against BloFin−0.076%48s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as 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−$810.812% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.076%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.030% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ENS-USDT | 6.5930 | 0.0128 | pay 0.0128% / 8h | 7h 32m | $291K | $75K | 20x |
| Short | Gate ENS_USDT | 6.5880 | −0.0230 | pay 0.0230% / 8h | 7h 32m | $459K | $551K | 75x |
BloFin ENS-USDT
Gate ENS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.22
- Price spread: −0.076% → −0.045%
- −$3.04
- Slippage, 4 orders
- −$54.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$159.5
- Costs to cover
- 0.812%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; Gate: live order book, 64 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, 25 min ago | 1.50 bp | 12.3 bp −$12 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 7.56 bp | 29.1 bp −$29 | 114.5 bp −$1,145 | 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 | −0.0950% | 1h | 6.5818 | −0.171% | $90K | $342K | 20x | as long as short |
| Gate ENS_USDTshort | −0.0230% | 8h | 6.5880 | −0.076% | $459K | $551K | 75x | |
| OKX ENS-USDT-SWAP | −0.0017% | 8h | 6.5770 | −0.243% | $2.3M | $3.2M | 20x | as long as short |
| Bybit ENSUSDT | +0.0056% | 8h | 6.5750 | −0.273% | $5.3M | $3.2M | 75x | as long as short |
| Hyperliquid ENS | +0.0100% | 1h | 6.5908 | −0.033% | $3.0M | $291K | 5x | as long as short |
| Aster ENSUSDT | +0.0100% | 8h | 6.5883 | −0.071% | $7K | $102K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.5827 | −0.157% | $5.1M | $13.2M | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.5820 | −0.167% | $6.8M | $1.0M | 75x | as long as short |
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.5920 | −0.015% | $1.7M | $119K | 50x | as long as short |
| Bitget ENSUSDT | +0.0100% | 8h | 6.5840 | −0.137% | $2.9M | $1.1M | 75x | as long as short |
Kraken Futures PF_ENSUSD
OKX ENS-USDT-SWAP
Bybit ENSUSDT
Hyperliquid ENS
Aster ENSUSDT
Binance ENSUSDT
MEXC ENS_USDT
KuCoin ENSUSDTM
Bitget ENSUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ENS-USDT | +0.0100% | 8h | 6.5780 | −0.228% | — | $7.5M | — | as long as short |
| Variational Omni ENS | +0.0100% | 8h | 6.6079 | +0.226% | $108K | $17K | — | as long as short |
| ApeX Omni ENSUSDT | +0.0100% | 1h | 6.6240 | +0.470% | $24K | $608K | 50x | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.5832 | −0.149% | $3K | $252K | 10x | as long as short |
| BloFin ENS-USDTlong | +0.0128% | 8h | 6.5930 | long leg | $291K | $75K | 20x |
BingX ENS-USDT
Variational Omni ENS
ApeX Omni ENSUSDT
Extended ENS-USD