Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.011%

Price spread now: KuCoin against ApeX Omni+0.180%82s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as 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−$1331.334% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.180%, 7d avg −0.007%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.187% dearer against ApeX Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 82 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	6.6490	−0.0048	get 0.0006% / 1h	18m 05s	$25K	$600K	50x
Short	KuCoin ENSUSDTM	6.6610	0.0100	get 0.0100% / 8h	3h 18m	$1.8M	$126K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.180%Rate

Funding earned: $31.13
Price spread: +0.180% → −0.007%: $18.74
Slippage, 4 orders: −$111.41
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.54
Costs to cover: 1.334%
Break-even: 25.8 days

Slippage from ApeX Omni: live order book, 35 min ago; KuCoin: live order book, 3 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, 35 min ago	6.69 bp	14.6 bp −$15	96.9 bp −$969	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	10.51 bp	62.5 bp −$63	580.1 bp −$5,801	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	−0.0674%	1h	6.6622	+0.199%	$90K	$389K	20x	as long as short
ApeX Omni ENSUSDTlong	−0.0048%	1h	6.6490	long leg	$25K	$600K	50x
Gate ENS_USDT	+0.0076%	8h	6.6600	+0.165%	$456K	$562K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0097%	8h	6.6680	+0.286%	$2.4M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6828	+0.508%	$3.0M	$292K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6705	+0.323%	$10K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6730	+0.361%	$5.2M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6690	+0.301%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6700	+0.316%	$5.9M	$807K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.6610	+0.180%	$1.8M	$126K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6700	+0.316%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6650	+0.241%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6438	−0.078%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6622	+0.199%	$2K	$135K	10x	as long as short
BloFin ENS-USDT	+0.0121%	8h	6.6590	+0.150%	$299K	$74K	20x	as long as short