ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0265%/8h= +29.0% APRnext payment +$2.65 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against Gate+0.088%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$2042.040% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.088%, 7d avg +0.089%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.8220	−0.0165	get 0.0165% / 8h	45m 25s	$451K	$574K	75x
Short	KuCoin ENSUSDTM	6.8280	0.0100	get 0.0100% / 8h	45m 25s	$1.8M	$137K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $55.65
Price spread: +0.088% → +0.089%: −$0.06
Slippage, 4 orders: −$176.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$148.4
Costs to cover: 2.040%
Break-even: 25.7 days

Slippage from Gate: live order book, 31 min ago; KuCoin: live order book, 1 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, 31 min ago	5.17 bp	22.7 bp −$23	129.5 bp −$1,295	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	7.32 bp	53.2 bp −$53	617.4 bp −$6,174	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	−0.1924%	1h	6.8241	+0.031%	$94K	$446K	20x	as long as short
Gate ENS_USDTlong	−0.0165%	8h	6.8220	long leg	$451K	$574K	75x
Variational Omni ENS	−0.0095%	8h	6.8196	−0.034%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0052%	8h	6.8230	+0.015%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0030%	8h	6.8250	+0.044%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0013%	8h	6.8220	0.000%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0056%	8h	6.8287	+0.098%	$11K	$97K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.8276	+0.082%	$5.6M	$13.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.8270	+0.073%	$5.6M	$853K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.8280	+0.088%	$1.8M	$137K	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	6.8220	0.000%	—	$3.6M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8100	−0.176%	$24K	$609K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.8277	+0.083%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0122%	8h	6.8090	−0.191%	$319K	$75K	20x	as long as short
Hyperliquid ENS	+0.0219%	1h	6.8393	+0.254%	$3.1M	$410K	5x	as long as short