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 −0.046%

Price spread now: Variational Omni against Aster−0.345%7-day average −0.083% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.767%+$77 · spread now −0.345%, 7d avg −0.083%

Together, before fees+0.714%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$71 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: Variational Omni is 0.263% cheaper against Aster than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENSUSDT	6.6900	0.0100	pay 0.0100% / 8h	6h 24m	$11K	$106K	10x
Short	Variational Omni ENS	6.6669	0.0100	get 0.0100% / 8h	6h 24m	$106K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.345%Rate

Funding earned: $0
Price spread: −0.345% → −0.083%: −$26.29
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.29
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 54 min ago; Variational Omni: RFQ quote, 44 min ago. Net counts fees only.

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, 54 min ago	6.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 44 min ago	6.40 bp	doesn't fit	41.9 bp −$419	doesn't fit	doesn't fit

ENS on 14 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	−0.0812%	1h	6.6900	0.000%	$90K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0096%	8h	6.6810	−0.135%	$2.3M	$3.5M	20x	as long as short
Aster ENSUSDTlong	+0.0100%	8h	6.6900	long leg	$11K	$106K	10x
Binance ENSUSDT	+0.0100%	8h	6.6854	−0.068%	$5.1M	$14.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6820	−0.120%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6800	−0.150%	$452K	$571K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6860	−0.060%	$5.5M	$780K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6900	0.000%	$1.8M	$151K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6890	−0.015%	$2.9M	$1.4M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6840	−0.090%	—	$7.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENSshort	+0.0100%	8h	6.6669	−0.345%	$106K	$8K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6510	−0.583%	$25K	$598K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6859	−0.061%	$6K	$113K	10x	as long as short
Hyperliquid ENS	+0.0146%	1h	6.6931	+0.046%	$3.0M	$310K	5x	as long as short