Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Aster−0.141%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$780.777% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.141%, 7d avg −0.090%

Together, before fees+0.065%+ Points / potential airdropAster: Stage 5 · farm board+$6 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: Bybit is 0.051% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6594	0.0100	pay 0.0100% / 8h	5h 39m	$10K	$108K	10x
Short	Bybit ENSUSDT	6.6500	0.0100	get 0.0100% / 8h	5h 39m	$5.3M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.090%: −$5.12
Slippage, 4 orders: −$58.65
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$82.77
Costs to cover: 0.777%
Break-even: never at this rate

Slippage from Aster: live order book, 34 min ago; Bybit: live order book, 4 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 Aster live order book, 34 min ago	6.74 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.50 bp	19.4 bp −$19	45.1 bp −$451	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	−0.0938%	1h	6.6457	−0.206%	$89K	$432K	20x	as long as short
Gate ENS_USDT	+0.0049%	8h	6.6560	−0.051%	$453K	$563K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0087%	8h	6.6500	−0.141%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6654	+0.090%	$3.0M	$302K	5x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6594	long leg	$10K	$108K	10x
Binance ENSUSDT	+0.0100%	8h	6.6558	−0.054%	$5.2M	$13.6M	75x	as long as short
Bybit ENSUSDTshort	+0.0100%	8h	6.6500	−0.141%	$5.3M	$3.7M	75x
MEXC ENS_USDT	+0.0100%	8h	6.6520	−0.111%	$5.4M	$726K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6610	+0.024%	$1.8M	$138K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6530	−0.096%	$2.9M	$1.3M	75x	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	+0.0100%	8h	6.6570	−0.036%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6562	−0.048%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6700	+0.159%	$25K	$597K	50x	as long as short
BloFin ENS-USDT	+0.0101%	8h	6.6550	−0.066%	$300K	$76K	20x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6542	−0.079%	$888	$114K	10x	as long as short