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

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0168%/8h= +18.4% APRnext payment +$1.68 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against OKX+0.085%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days+0.008%+$1 · spread now +0.085%, 7d avg +0.027%
Together, before fees+0.021%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.058% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ENS-USDT-SWAP6.7960−0.0091get 0.0091% / 8h1h 06m$2.4M$3.4M20x
ShortBinance ENSUSDT6.80180.0077get 0.0077% / 8h1h 06m$5.5M$13.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
$35.22
Price spread: +0.085% → +0.027%
$5.83
Slippage, 4 orders
−$41.26
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$20.22
Costs to cover
0.613%
Break-even
11.0 days
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 4 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 OKX live order book, 1 min ago2.95 bp16.5 bp −$1679.9 bp −$799doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.74 bp13.5 bp −$1338.0 bp −$380230.6 bp −$23.1Kdoesn'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−0.2241%1h6.7886−0.109%$94K$447K20xas long as short
Gate ENS_USDT−0.0219%8h6.7870−0.132%$447K$577K75xas long as short
Variational Omni ENS−0.0114%8h6.7926−0.050%$112K$5Kas long as short
OKX ENS-USDT-SWAPlong−0.0091%8h6.7960long leg$2.4M$3.4M20x
Bybit ENSUSDT−0.0063%8h6.7910−0.074%$5.5M$3.8M75xas long as short
Bitget ENSUSDT−0.0062%8h6.7970+0.015%$2.9M$1.3M75xas long as short
Aster ENSUSDT+0.0009%8h6.7908−0.077%$14K$94K10xas long as short
BloFin ENS-USDT+0.0066%8h6.7930−0.044%$316K$73K20xas long as short
Extended ENS-USD+0.0072%1h6.7937−0.033%$1K$181K10xas long as short
MEXC ENS_USDT+0.0075%8h6.7940−0.029%$5.6M$866K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0075%8h6.7930−0.044%$3.7Mas long as short
Binance ENSUSDTshort+0.0077%8h6.8018+0.085%$5.5M$13.7M75x
Hyperliquid ENS+0.0100%1h6.8177+0.319%$3.1M$412K5xas long as short
KuCoin ENSUSDTM+0.0100%8h6.7890−0.103%$1.8M$137K50xas long as short
ApeX Omni ENSUSDT+0.0100%1h6.7970+0.015%$24K$607K50xas long as short