Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.075%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2172.168% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.075%, 7d avg −0.043%

Together, before fees+0.116%+$12 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: BingX is 0.032% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.6570	0.0100	pay 0.0100% / 8h	1h 15m	$1.8M	$118K	50x
Short	BingX ENS-USDT	6.6520	0.0100	get 0.0100% / 8h	1h 15m	—	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.043%: −$3.2
Slippage, 4 orders: −$194.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$220.02
Costs to cover: 2.168%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 8 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 KuCoin live order book, 1 min ago	6.76 bp	72.3 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.51 bp	14.4 bp −$14	37.0 bp −$370	143.5 bp −$14.4K	461.0 bp −$230.5K

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	−0.1062%	1h	6.6500	−0.105%	$90K	$367K	20x	as long as short
ApeX Omni ENSUSDT	−0.0219%	1h	6.6560	−0.015%	$24K	$608K	50x	as long as short
OKX ENS-USDT-SWAP	−0.0018%	8h	6.6470	−0.150%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0065%	8h	6.6530	−0.060%	$465K	$573K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6652	+0.123%	$3.0M	$294K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6547	−0.034%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6520	−0.075%	$5.1M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6460	−0.165%	$5.4M	$3.3M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6520	−0.075%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.6570	long leg	$1.8M	$118K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6610	+0.060%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDTshort	+0.0100%	8h	6.6520	−0.075%	—	$7.5M	—
Variational Omni ENS	+0.0100%	8h	6.6473	−0.145%	$108K	$13K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6491	−0.119%	$572	$257K	10x	as long as short
BloFin ENS-USDT	+0.0117%	8h	6.6560	−0.015%	$293K	$80K	20x	as long as short