Settings8H · net · $10k
Funding arb · Price arb /

ENS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0044%/8h= −4.8% APRnext payment $0.06 per $10,000 · paid last 24h −0.004%
Price spread now: Extended against Hyperliquid−0.199%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$930.935% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.199%, 7d avg −0.182%
Together, before fees0.000%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.182%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ENS6.75720.0100pay 0.0013% / 1h32m 28s$3.1M$410K5x
ShortExtended ENS-USD6.74380.0056get 0.0007% / 1h32m 28s$1K$181K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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

Funding earned
−$9.24
Price spread: −0.199% → −0.182%
−$1.72
Slippage, 4 orders
−$79.5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$104.45
Costs to cover
0.935%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago2.94 bp34.4 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 49 min ago3.09 bp21.0 bp −$21126.9 bp −$1,269doesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.2256%1h6.7423−0.221%$91K$435K20xas long as short
Gate ENS_USDT−0.0236%8h6.7370−0.299%$458K$565K75xas long as short
Variational Omni ENS−0.0133%8h6.7537−0.051%$111K$5Kas long as short
OKX ENS-USDT-SWAP−0.0087%8h6.7360−0.314%$2.4M$3.4M20xas long as short
Bitget ENSUSDT−0.0085%8h6.7370−0.299%$2.9M$1.3M75xas long as short
Bybit ENSUSDT−0.0085%8h6.7360−0.314%$5.4M$3.8M75xas long as short
Aster ENSUSDT−0.0012%8h6.7475−0.143%$8K$89K10xas long as short
Extended ENS-USDshort+0.0056%1h6.7438−0.199%$1K$181K10x
MEXC ENS_USDT+0.0056%8h6.7460−0.166%$5.5M$834K75xas long as short
Binance ENSUSDT+0.0056%8h6.7444−0.190%$5.3M$13.5M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0065%8h6.7390−0.269%$3.7Mas long as short
BloFin ENS-USDT+0.0082%8h6.7510−0.092%$308K$73K20xas long as short
Hyperliquid ENSlong+0.0100%1h6.7572long leg$3.1M$410K5x
KuCoin ENSUSDTM+0.0100%8h6.7540−0.047%$1.8M$138K50xas long as short
ApeX Omni ENSUSDT+0.0100%1h6.7550−0.033%$24K$608K50xas long as short