Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.025%

Price spread now: Extended against Gate+0.092%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.092%, 7d avg +0.016%

Together, before fees−0.031%+ Points / potential airdropExtended: Active · farm board−$3 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: Extended is 0.076% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7050	0.0100	pay 0.0100% / 8h	6h 03m	$455K	$572K	75x
Short	Extended ENS-USD	6.7112	0.0104	get 0.0013% / 1h	3m 36s	$6K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0.84
Price spread: +0.092% → +0.016%: $7.59
Slippage, 4 orders: −$83.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$95.27
Costs to cover: 1.037%
Break-even: 800.9 days

Slippage from Gate: live order book, 63 min ago; Extended: 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 Gate live order book, 63 min ago	8.16 bp	30.5 bp −$30	129.6 bp −$1,296	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	2.67 bp	18.6 bp −$19	136.2 bp −$1,362	doesn't fit	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	−0.0810%	1h	6.7093	+0.065%	$90K	$440K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0087%	8h	6.7050	0.000%	$2.3M	$3.4M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7282	+0.346%	$3.1M	$305K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7180	+0.194%	$13K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7130	+0.119%	$5.2M	$13.9M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7130	+0.119%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDTlong	+0.0100%	8h	6.7050	long leg	$455K	$572K	75x
MEXC ENS_USDT	+0.0100%	8h	6.7100	+0.075%	$5.5M	$794K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7170	+0.179%	$1.8M	$146K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.7140	+0.134%	$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	6.7100	+0.075%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6913	−0.204%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7010	−0.060%	$25K	$596K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.7112	+0.092%	$6K	$113K	10x