Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against Binance−0.059%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.059%, 7d avg +0.050%

Together, before fees+0.052%+$5 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: ApeX Omni is 0.110% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.7430	0.0036	pay 0.0036% / 8h	1h 59m	$5.3M	$13.8M	75x
Short	ApeX Omni ENSUSDT	6.7390	0.0039	get 0.0005% / 1h	59m 01s	$24K	$609K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.67
Price spread: −0.059% → +0.050%: −$10.98
Slippage, 4 orders: −$34.6
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.91
Costs to cover: 0.546%
Break-even: 687.4 days

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 24 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 Binance live order book, 11 min ago	0.74 bp	11.4 bp −$11	30.8 bp −$308	434.4 bp −$43.4K	doesn't fit
Sell ApeX Omni live order book, 24 min ago	6.62 bp	14.8 bp −$15	101.0 bp −$1,010	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	−0.2255%	1h	6.7449	+0.028%	$91K	$436K	20x	as long as short
Gate ENS_USDT	−0.0261%	8h	6.7400	−0.044%	$459K	$562K	75x	as long as short
Variational Omni ENS	−0.0145%	8h	6.7262	−0.249%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0098%	8h	6.7360	−0.104%	$5.4M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0069%	8h	6.7350	−0.119%	$2.9M	$1.3M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0068%	8h	6.7330	−0.148%	$2.4M	$3.4M	20x	as long as short
Aster ENSUSDT	−0.0038%	8h	6.7419	−0.016%	$8K	$89K	10x	as long as short
MEXC ENS_USDT	+0.0036%	8h	6.7400	−0.044%	$5.5M	$830K	75x	as long as short
BingX ENS-USDT	+0.0036%	8h	6.7410	−0.030%	—	$3.7M	—	as long as short
Binance ENSUSDTlong	+0.0036%	8h	6.7430	long leg	$5.3M	$13.8M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ENSUSDTshort	+0.0039%	1h	6.7390	−0.059%	$24K	$609K	50x
Extended ENS-USD	+0.0040%	1h	6.7400	−0.044%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0065%	8h	6.7390	−0.059%	$311K	$73K	20x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7360	−0.104%	$1.8M	$139K	50x	as long as short
Hyperliquid ENS	+0.0398%	1h	6.7573	+0.212%	$3.1M	$414K	5x	as long as short