Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0009%/8hpaid last 24h +0.013%

Price spread now: Bitget against ApeX Omni−0.044%53s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.706% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)−0.468%−$47 · spread now −0.044%, 7d avg −0.066%

Together, before fees−0.392%−$39 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: Bitget is 0.022% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.066%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENSUSDT	6.7510	0.0100	pay 0.0013% / 1h	6m 43s	$24K	$615K	50x
Short	Bitget ENSUSDT	6.7480	0.0091	get 0.0091% / 8h	4h 06m	$2.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$1.89
Price spread: −0.044% → −0.066%: $2.16
Slippage, 4 orders: −$48.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.28
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Bitget: live order book, 5 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 ApeX Omni live order book, 25 min ago	5.19 bp	15.4 bp −$15	96.5 bp −$965	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.97 bp	19.9 bp −$20	44.4 bp −$444	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	−0.2174%	1h	6.7452	−0.086%	$95K	$438K	20x	as long as short
Gate ENS_USDT	−0.0177%	8h	6.7500	−0.015%	$455K	$580K	75x	as long as short
Variational Omni ENS	−0.0139%	8h	6.7285	−0.334%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0095%	8h	6.7480	−0.044%	$5.4M	$3.9M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0046%	8h	6.7480	−0.044%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	+0.0002%	8h	6.7588	+0.115%	$8K	$86K	10x	as long as short
MEXC ENS_USDT	+0.0061%	8h	6.7530	+0.030%	$5.5M	$807K	75x	as long as short
Extended ENS-USD	+0.0064%	1h	6.7535	+0.038%	$1K	$181K	10x	as long as short
Binance ENSUSDT	+0.0064%	8h	6.7536	+0.038%	$5.4M	$13.8M	75x	as long as short
BloFin ENS-USDT	+0.0085%	8h	6.7490	−0.030%	$320K	$72K	20x	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	+0.0087%	8h	6.7560	+0.074%	—	$3.9M	—	as long as short
Bitget ENSUSDTshort	+0.0091%	8h	6.7480	−0.044%	$2.9M	$1.4M	75x
Hyperliquid ENS	+0.0100%	1h	6.7680	+0.252%	$3.1M	$418K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7570	+0.089%	$1.8M	$142K	50x	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.7510	long leg	$24K	$615K	50x