Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.007%

Price spread now: BloFin against Extended+0.085%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.085%, 7d avg +0.032%

Together, before fees−0.075%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.052% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6374	0.0104	pay 0.0013% / 1h	13m 04s	$3K	$255K	10x
Short	BloFin ENS-USDT	6.6430	0.0116	get 0.0116% / 8h	13m 04s	$294K	$76K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.085%Rate

Funding earned: $2.44
Price spread: +0.085% → +0.032%: $5.24
Slippage, 4 orders: −$41.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.27
Costs to cover: 0.590%
Break-even: 153.9 days

Slippage from Extended: live order book, 24 min ago; BloFin: live order book, 49 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, 24 min ago	2.19 bp	18.9 bp −$19	140.4 bp −$1,404	doesn't fit	doesn't fit
Sell BloFin live order book, 49 min ago	0.75 bp	7.7 bp −$8	18.0 bp −$180	82.1 bp −$8,215	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	−0.1032%	1h	6.6323	−0.076%	$90K	$348K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0013%	8h	6.6320	−0.081%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0064%	8h	6.6330	−0.066%	$463K	$571K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6428	+0.081%	$8K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6395	+0.032%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6330	−0.066%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6400	+0.039%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6400	+0.039%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6340	−0.051%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6360	−0.021%	—	$7.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6255	−0.180%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6340	−0.051%	$24K	$605K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6374	long leg	$3K	$255K	10x
BloFin ENS-USDTshort	+0.0116%	8h	6.6430	+0.085%	$294K	$76K	20x
Hyperliquid ENS	+0.0141%	1h	6.6490	+0.175%	$3.0M	$293K	5x	as long as short