Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: KuCoin against Extended+0.134%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.134%, 7d avg +0.074%

Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 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: KuCoin is 0.059% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.7809	0.0104	pay 0.0013% / 1h	37m 50s	$1K	$181K	10x
Short	KuCoin ENSUSDTM	6.7900	0.0100	get 0.0100% / 8h	37m 50s	$1.8M	$138K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$0.84
Price spread: +0.134% → +0.074%: $5.94
Slippage, 4 orders: −$140.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$152.84
Costs to cover: 1.579%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; KuCoin: live order book, 3 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, 39 min ago	1.70 bp	16.9 bp −$17	132.5 bp −$1,325	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.41 bp	58.8 bp −$59	590.9 bp −$5,909	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	−0.1937%	1h	6.7762	−0.070%	$93K	$446K	20x	as long as short
Gate ENS_USDT	−0.0202%	8h	6.8010	+0.296%	$451K	$576K	75x	as long as short
Variational Omni ENS	−0.0082%	8h	6.7962	+0.224%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0070%	8h	6.7750	−0.088%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0036%	8h	6.7870	+0.089%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0018%	8h	6.7730	−0.117%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0056%	8h	6.7902	+0.137%	$10K	$97K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7812	+0.004%	$5.5M	$13.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7820	+0.016%	$5.6M	$856K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.7900	+0.134%	$1.8M	$138K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.7790	−0.029%	—	$3.6M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8030	+0.325%	$24K	$608K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.7809	long leg	$1K	$181K	10x
BloFin ENS-USDT	+0.0114%	8h	6.7930	+0.178%	$320K	$75K	20x	as long as short
Hyperliquid ENS	+0.0252%	1h	6.7953	+0.212%	$3.1M	$410K	5x	as long as short