Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.020%

Price spread now: Extended against OKX+0.050%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$710.705% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.050%, 7d avg +0.019%

Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.031% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENS-USDT-SWAP	6.6340	−0.0013	get 0.0013% / 8h	12m 47s	$2.3M	$3.3M	20x
Short	Extended ENS-USD	6.6373	0.0104	get 0.0013% / 1h	12m 47s	$3K	$255K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee OKXbpFee ExtendedbpOrdersPrice spread, now +0.050%Rate

Funding earned: $24.48
Price spread: +0.050% → +0.019%: $3.09
Slippage, 4 orders: −$55.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$42.95
Costs to cover: 0.705%
Break-even: 19.3 days

Slippage from OKX: live order book, 4 min ago; Extended: live order book, 24 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 OKX live order book, 4 min ago	3.02 bp	17.9 bp −$18	115.7 bp −$1,157	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.19 bp	17.1 bp −$17	193.3 bp −$1,933	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	−0.1032%	1h	6.6323	−0.025%	$90K	$348K	20x	as long as short
OKX ENS-USDT-SWAPlong	−0.0013%	8h	6.6340	long leg	$2.3M	$3.3M	20x
Gate ENS_USDT	+0.0064%	8h	6.6310	−0.045%	$463K	$571K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6421	+0.123%	$8K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6390	+0.075%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6330	−0.015%	$5.4M	$3.2M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6390	+0.075%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6400	+0.090%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6340	0.000%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6360	+0.030%	—	$7.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6255	−0.129%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6340	0.000%	$24K	$605K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.6373	+0.050%	$3K	$255K	10x
BloFin ENS-USDT	+0.0116%	8h	6.6430	+0.136%	$294K	$76K	20x	as long as short
Hyperliquid ENS	+0.0140%	1h	6.6510	+0.256%	$3.0M	$293K	5x	as long as short