ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.99 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Gate+0.088%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on Gate Short on Bybit

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)+0.008%+$1 · spread now +0.088%, 7d avg −0.036%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.124% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7910	−0.0186	get 0.0186% / 8h	2h 20m	$462K	$576K	75x
Short	Bybit ENSUSDT	6.7970	−0.0087	pay 0.0087% / 8h	2h 20m	$5.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.088%Rate

Funding earned: $20.86
Price spread: +0.088% → −0.036%: $12.45
Slippage, 4 orders: −$62.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.72
Costs to cover: 0.880%
Break-even: 25.4 days

Slippage from Gate: live order book, 65 min ago; Bybit: live order book, 2 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 Gate live order book, 65 min ago	4.43 bp	21.1 bp −$21	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.42 bp	15.7 bp −$16	47.2 bp −$472	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	−0.2130%	1h	6.7971	+0.089%	$92K	$436K	20x	as long as short
Gate ENS_USDTlong	−0.0186%	8h	6.7910	long leg	$462K	$576K	75x
Variational Omni ENS	−0.0143%	8h	6.7913	+0.004%	$111K	$6K	—	as long as short
Bybit ENSUSDTshort	−0.0087%	8h	6.7970	+0.088%	$5.4M	$3.8M	75x
OKX ENS-USDT-SWAP	−0.0031%	8h	6.8030	+0.177%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0007%	8h	6.7980	+0.103%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	−0.0004%	8h	6.8016	+0.156%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0060%	8h	6.7990	+0.118%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0062%	8h	6.8040	+0.191%	$5.5M	$829K	75x	as long as short
Binance ENSUSDT	+0.0063%	8h	6.8046	+0.201%	$5.3M	$13.9M	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	+0.0064%	1h	6.8036	+0.185%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0082%	8h	6.8040	+0.191%	$311K	$74K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.8155	+0.361%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.8000	+0.133%	$1.8M	$139K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8030	+0.177%	$24K	$611K	50x	as long as short