Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.032%

Price spread now: Extended against Variational Omni+0.060%7-day average +0.042% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.060%, 7d avg +0.042%

Together, before fees−0.105%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.055% in total (about 6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENS	6.7617	−0.0125	get 0.0125% / 8h	1h 18m	$111K	$5K	—
Short	Extended ENS-USD	6.7657	0.0072	get 0.0009% / 1h	18m 57s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.060%Rate

Funding earned: $41.28
Price spread: +0.060% → +0.042%: $1.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $38.09
Costs to cover: 0.050%
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 65 min ago; Extended: live order book, 62 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 Variational Omni RFQ quote, 65 min ago	6.39 bp	doesn't fit	59.8 bp −$598	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	3.09 bp	21.0 bp −$21	126.9 bp −$1,269	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	−0.2251%	1h	6.7576	−0.060%	$91K	$435K	20x	as long as short
Gate ENS_USDT	−0.0213%	8h	6.7630	+0.020%	$460K	$565K	75x	as long as short
Variational Omni ENSlong	−0.0125%	8h	6.7617	long leg	$111K	$5K	—
OKX ENS-USDT-SWAP	−0.0086%	8h	6.7570	−0.069%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0075%	8h	6.7690	+0.109%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0068%	8h	6.7570	−0.069%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0003%	8h	6.7673	+0.083%	$8K	$89K	10x	as long as short
BloFin ENS-USDT	+0.0060%	8h	6.7670	+0.079%	$308K	$73K	20x	as long as short
BingX ENS-USDT	+0.0061%	8h	6.7590	−0.039%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0068%	8h	6.7690	+0.109%	$5.6M	$850K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0068%	8h	6.7672	+0.082%	$5.3M	$13.4M	75x	as long as short
Extended ENS-USDshort	+0.0072%	1h	6.7657	+0.060%	$1K	$181K	10x
Hyperliquid ENS	+0.0100%	1h	6.7798	+0.268%	$3.1M	$408K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7660	+0.064%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7740	+0.183%	$24K	$606K	50x	as long as short