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 −0.029%

Price spread now: Gate against KuCoin−0.030%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2182.184% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.030%, 7d avg −0.089%

Together, before fees−0.172%−$17 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: Gate is 0.060% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.7600	0.0100	pay 0.0100% / 8h	7h 04m	$1.8M	$129K	50x
Short	Gate ENS_USDT	6.7580	0.0100	get 0.0100% / 8h	7h 04m	$463K	$576K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.089%: $5.95
Slippage, 4 orders: −$191.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$212.45
Costs to cover: 2.184%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 2 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	8.88 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.16 bp	34.2 bp −$34	131.7 bp −$1,317	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	−0.1395%	1h	6.7432	−0.248%	$91K	$440K	20x	as long as short
Variational Omni ENS	+0.0048%	8h	6.7408	−0.285%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	+0.0050%	8h	6.7310	−0.429%	$2.4M	$3.3M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7577	−0.035%	$15K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7519	−0.120%	$5.4M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7390	−0.311%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDTshort	+0.0100%	8h	6.7580	−0.030%	$463K	$576K	75x
MEXC ENS_USDT	+0.0100%	8h	6.7610	+0.015%	$5.5M	$864K	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.7600	long leg	$1.8M	$129K	50x
Bitget ENSUSDT	+0.0100%	8h	6.7520	−0.118%	$3.0M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.7530	−0.104%	—	$7.8M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7960	+0.533%	$25K	$604K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7576	−0.036%	$4K	$107K	10x	as long as short
BloFin ENS-USDT	+0.0116%	8h	6.7510	−0.133%	$311K	$76K	20x	as long as short
Hyperliquid ENS	+0.0381%	1h	6.7731	+0.194%	$3.1M	$348K	5x	as long as short