ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.34 per $10,000 · paid last 24h +0.005%

Price spread now: OKX against Gate−0.241%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.241%, 7d avg 0.000%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.241% cheaper against Gate than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.6310	0.0100	pay 0.0100% / 8h	6h 42m	$457K	$566K	75x
Short	OKX ENS-USDT-SWAP	6.6150	0.0066	get 0.0066% / 8h	6h 42m	$2.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.241%Rate

Funding earned: −$7.1
Price spread: −0.241% → 0.000%: −$24.09
Slippage, 4 orders: −$74.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$131.13
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; OKX: live order book, 5 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, 24 min ago	8.16 bp	30.5 bp −$30	129.6 bp −$1,296	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.01 bp	18.2 bp −$18	83.9 bp −$839	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	−0.0820%	1h	6.6268	−0.064%	$87K	$447K	20x	as long as short
OKX ENS-USDT-SWAPshort	+0.0066%	8h	6.6150	−0.241%	$2.3M	$3.4M	20x
Variational Omni ENS	+0.0078%	8h	6.6315	+0.007%	$106K	$8K	—	as long as short
BloFin ENS-USDT	+0.0097%	8h	6.6560	+0.377%	$301K	$77K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6251	−0.088%	$11K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6190	−0.181%	$5.1M	$14.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6130	−0.271%	$5.3M	$3.8M	75x	as long as short
Gate ENS_USDTlong	+0.0100%	8h	6.6310	long leg	$457K	$566K	75x
MEXC ENS_USDT	+0.0100%	8h	6.6200	−0.166%	$5.4M	$775K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6310	0.000%	$1.8M	$144K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6220	−0.136%	$3.0M	$1.3M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6220	−0.136%	—	$7.8M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6460	+0.226%	$25K	$603K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6206	−0.157%	$193	$107K	10x	as long as short
Hyperliquid ENS	+0.0209%	1h	6.6318	+0.012%	$3.0M	$355K	5x	as long as short