Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: Extended against KuCoin−0.181%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.181%, 7d avg −0.074%

Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 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 0.107% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.7980	0.0100	pay 0.0100% / 8h	39m 17s	$1.8M	$137K	50x
Short	Extended ENS-USD	6.7857	0.0104	get 0.0013% / 1h	39m 17s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.181%Rate

Funding earned: $0.84
Price spread: −0.181% → −0.074%: −$10.65
Slippage, 4 orders: −$140.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$167.75
Costs to cover: 1.579%
Break-even: 1404.9 days

Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 37 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, 2 min ago	4.41 bp	63.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 37 min ago	1.70 bp	18.7 bp −$19	166.9 bp −$1,669	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	−0.1937%	1h	6.7759	−0.326%	$93K	$446K	20x	as long as short
Gate ENS_USDT	−0.0193%	8h	6.8050	+0.103%	$452K	$576K	75x	as long as short
Variational Omni ENS	−0.0082%	8h	6.7962	−0.027%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0065%	8h	6.7770	−0.309%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0034%	8h	6.7910	−0.103%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0016%	8h	6.7790	−0.279%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0059%	8h	6.7964	−0.024%	$10K	$97K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7870	−0.162%	$5.6M	$13.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7890	−0.132%	$5.6M	$856K	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.7980	long leg	$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	6.7820	−0.235%	—	$3.6M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8030	+0.074%	$24K	$608K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.7857	−0.181%	$1K	$181K	10x
BloFin ENS-USDT	+0.0114%	8h	6.7930	−0.074%	$320K	$75K	20x	as long as short
Hyperliquid ENS	+0.0236%	1h	6.8081	+0.149%	$3.1M	$410K	5x	as long as short