ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0145%/8h= −15.9% APRnext payment −$1.45 per $10,000 · paid last 24h +0.015%

Price spread now: Gate against Bybit+0.178%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.178%, 7d avg +0.036%

Together, before fees−0.267%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.142% dearer against Bybit than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.036%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.020% in total) that is about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.7510	−0.0068	get 0.0068% / 8h	1h 19m	$5.4M	$3.8M	75x
Short	Gate ENS_USDT	6.7630	−0.0213	pay 0.0213% / 8h	1h 19m	$460K	$565K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.178%Rate

Funding earned: −$30.44
Price spread: +0.178% → +0.036%: $14.17
Slippage, 4 orders: −$56.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$98.31
Costs to cover: 0.820%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 62 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, 3 min ago	2.96 bp	16.6 bp −$17	44.2 bp −$442	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	6.62 bp	22.0 bp −$22	119.5 bp −$1,195	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	−0.2254%	1h	6.7493	−0.025%	$91K	$435K	20x	as long as short
Gate ENS_USDTshort	−0.0213%	8h	6.7630	+0.178%	$460K	$565K	75x
Variational Omni ENS	−0.0125%	8h	6.7617	+0.158%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0086%	8h	6.7530	+0.030%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0075%	8h	6.7630	+0.178%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDTlong	−0.0068%	8h	6.7510	long leg	$5.4M	$3.8M	75x
Aster ENSUSDT	+0.0003%	8h	6.7619	+0.162%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0061%	8h	6.7640	+0.193%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0068%	8h	6.7600	+0.133%	$5.6M	$850K	75x	as long as short
Binance ENSUSDT	+0.0068%	8h	6.7609	+0.147%	$5.3M	$13.4M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENS-USD	+0.0072%	1h	6.7593	+0.123%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0085%	8h	6.7700	+0.281%	$308K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7767	+0.381%	$3.1M	$408K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7650	+0.207%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7740	+0.341%	$24K	$606K	50x	as long as short