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

ENS

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.007%
Price spread now: Extended against ApeX Omni−0.189%52s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.660% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.189%, 7d avg −0.079%
Together, before fees+0.122%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.110% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.189% now, against its 7-day average of −0.079%). If the spread goes back, that is −$11 on $10k: about 42 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.077% in total) that is about 10.0 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ENSUSDT6.6590−0.0105get 0.0013% / 1h24m 30s$25K$600K50x
ShortExtended ENS-USD6.64640.0104get 0.0013% / 1h24m 30s$2K$120K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$43.93
Price spread: −0.189% → −0.079%
−$10.98
Slippage, 4 orders
−$50.96
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$33.01
Costs to cover
0.660%
Break-even
12.3 days
Slippage from ApeX Omni: live order book, 28 min ago; Extended: live order book, 26 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 ApeX Omni live order book, 28 min ago6.69 bp14.6 bp −$1596.9 bp −$969doesn't fitdoesn't fit
Sell Extended live order book, 26 min ago2.54 bp17.2 bp −$17133.5 bp −$1,335doesn't fitdoesn'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−0.0675%1h6.6459−0.197%$90K$394K20xas long as short
ApeX Omni ENSUSDTlong−0.0105%1h6.6590long leg$25K$600K50x
Gate ENS_USDT+0.0071%8h6.6430−0.240%$455K$561K75xas long as short
OKX ENS-USDT-SWAP+0.0090%8h6.6510−0.120%$2.4M$3.3M20xas long as short
Hyperliquid ENS+0.0100%1h6.6597+0.011%$3.0M$292K5xas long as short
Aster ENSUSDT+0.0100%8h6.6510−0.120%$9K$103K10xas long as short
Binance ENSUSDT+0.0100%8h6.6479−0.167%$5.1M$13.4M75xas long as short
Bybit ENSUSDT+0.0100%8h6.6440−0.225%$5.4M$3.4M75xas long as short
MEXC ENS_USDT+0.0100%8h6.6490−0.150%$5.9M$755K75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.6560−0.045%$1.8M$126K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ENSUSDT+0.0100%8h6.6490−0.150%$2.9M$1.2M75xas long as short
BingX ENS-USDT+0.0100%8h6.6440−0.225%$7.7Mas long as short
Variational Omni ENS+0.0100%8h6.6403−0.281%$106K$9Kas long as short
Extended ENS-USDshort+0.0104%1h6.6464−0.189%$2K$120K10x
BloFin ENS-USDT+0.0111%8h6.6480−0.165%$297K$74K20xas long as short