Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Binance against Bybit+0.136%7-day average +0.077% · 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−$54as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.136%, 7d avg +0.077%

Together, before fees−0.061%−$6 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: Binance is 0.058% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.6330	0.0100	pay 0.0100% / 8h	5h 56m	$5.4M	$3.1M	75x
Short	Binance ENSUSDT	6.6420	0.0100	get 0.0100% / 8h	5h 56m	$5.1M	$12.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.077%: $5.84
Slippage, 4 orders: −$38.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.97
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 7 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 Bybit live order book, 5 min ago	3.01 bp	17.7 bp −$18	53.7 bp −$537	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.75 bp	14.1 bp −$14	36.1 bp −$361	221.0 bp −$22.1K	doesn't fit

ENS on 15 exchanges

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	−0.0957%	1h	6.6356	+0.039%	$94K	$262K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0027%	8h	6.6330	0.000%	$2.3M	$3.0M	20x	as long as short
BloFin ENS-USDT	+0.0091%	8h	6.6570	+0.362%	$294K	$75K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6498	+0.253%	$3.0M	$200K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6445	+0.174%	$8K	$124K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.6420	+0.136%	$5.1M	$12.1M	75x
Bybit ENSUSDTlong	+0.0100%	8h	6.6330	long leg	$5.4M	$3.1M	75x
Gate ENS_USDT	+0.0100%	8h	6.6480	+0.226%	$441K	$585K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6390	+0.090%	$6.9M	$924K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6440	+0.166%	$1.8M	$118K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6380	+0.075%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6390	+0.090%	—	$11.3M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6364	+0.052%	$108K	$20K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6510	+0.271%	$24K	$601K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6398	+0.102%	$1K	$248K	10x	as long as short