Funding arb · Price arb /

ENS

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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 −0.051%

Price spread now: Variational Omni against KuCoin−0.206%7-day average −0.119% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.206%, 7d avg −0.119%

Together, before fees+0.136%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: Variational Omni is 0.088% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.6520	0.0100	pay 0.0100% / 8h	4h 39m	$1.8M	$133K	50x
Short	Variational Omni ENS	6.6383	0.0100	get 0.0100% / 8h	4h 39m	$106K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.119%: −$8.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Variational Omni: RFQ quote, 19 min ago. Net counts fees only.

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	7.50 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 19 min ago	4.21 bp	doesn't fit	56.7 bp −$567	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	−0.0853%	1h	6.6407	−0.169%	$90K	$409K	20x	as long as short
Gate ENS_USDT	−0.0002%	8h	6.6500	−0.030%	$453K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6509	−0.016%	$10K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6454	−0.100%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6460	−0.090%	$5.3M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6390	−0.195%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6470	−0.075%	$5.4M	$680K	75x	as long as short
KuCoin ENSUSDTMlong	+0.0100%	8h	6.6520	long leg	$1.8M	$133K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6490	−0.045%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6450	−0.105%	—	$7.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENSshort	+0.0100%	8h	6.6383	−0.206%	$106K	$8K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6330	−0.286%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6477	−0.065%	$1K	$118K	10x	as long as short
BloFin ENS-USDT	+0.0121%	8h	6.6510	−0.015%	$300K	$73K	20x	as long as short
Hyperliquid ENS	+0.0229%	1h	6.6551	+0.047%	$3.0M	$297K	5x	as long as short