Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Binance against Extended−0.002%7-day average +0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.002%, 7d avg +0.030%

Together, before fees+0.047%+ Points / potential airdropExtended: Active · farm board+$5 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 0.032% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6922	0.0104	pay 0.0013% / 1h	58m 34s	$6K	$113K	10x
Short	Binance ENSUSDT	6.6921	0.0100	get 0.0100% / 8h	5h 58m	$5.2M	$13.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: −$0.84
Price spread: −0.002% → +0.030%: −$3.22
Slippage, 4 orders: −$48.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.21
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Binance: live order book, 12 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 Extended live order book, 2 min ago	2.32 bp	18.7 bp −$19	185.9 bp −$1,859	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.75 bp	12.3 bp −$12	32.2 bp −$322	219.1 bp −$21.9K	doesn't fit

ENS on 14 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	−0.0932%	1h	6.6851	−0.105%	$90K	$439K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0068%	8h	6.6810	−0.167%	$2.3M	$3.4M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7014	+0.138%	$3.1M	$305K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6997	+0.113%	$12K	$106K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.6921	−0.002%	$5.2M	$13.8M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6800	−0.182%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6940	+0.027%	$455K	$562K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6940	+0.027%	$5.4M	$725K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6970	+0.072%	$1.8M	$145K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6990	+0.102%	$2.9M	$1.3M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6900	−0.032%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6913	−0.013%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6990	+0.102%	$25K	$596K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6922	long leg	$6K	$113K	10x