Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.014%

Price spread now: BloFin against ApeX Omni+0.103%103s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$540.544% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.103%, 7d avg −0.028%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.131% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.028%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you. The two prices were read 103 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	6.7750	0.0100	pay 0.0013% / 1h	49m 28s	$24K	$609K	50x
Short	BloFin ENS-USDT	6.7820	0.0024	get 0.0024% / 8h	1h 49m	$309K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$15.95
Price spread: +0.103% → −0.028%: $13.1
Slippage, 4 orders: −$32.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.23
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; BloFin: live order book, 28 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, 33 min ago	6.62 bp	15.0 bp −$15	112.2 bp −$1,122	doesn't fit	doesn't fit
Sell BloFin live order book, 28 min ago	0.74 bp	9.2 bp −$9	21.6 bp −$216	91.1 bp −$9,109	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	−0.2248%	1h	6.7663	−0.129%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0233%	8h	6.7700	−0.074%	$461K	$562K	75x	as long as short
Variational Omni ENS	−0.0134%	8h	6.7704	−0.068%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0082%	8h	6.7700	−0.074%	$5.4M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0071%	8h	6.7740	−0.015%	$2.9M	$1.3M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0058%	8h	6.7690	−0.089%	$2.4M	$3.4M	20x	as long as short
Aster ENSUSDT	−0.0016%	8h	6.7691	−0.087%	$8K	$89K	10x	as long as short
BloFin ENS-USDTshort	+0.0024%	8h	6.7820	+0.103%	$309K	$73K	20x
Extended ENS-USD	+0.0048%	1h	6.7732	−0.027%	$1K	$181K	10x	as long as short
BingX ENS-USDT	+0.0048%	8h	6.7710	−0.059%	—	$3.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ENS_USDT	+0.0051%	8h	6.7730	−0.030%	$5.5M	$832K	75x	as long as short
Binance ENSUSDT	+0.0051%	8h	6.7749	−0.001%	$5.3M	$13.7M	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7858	+0.159%	$3.1M	$410K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7770	+0.030%	$1.8M	$139K	50x	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.7750	long leg	$24K	$609K	50x