ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0269%/8h= −29.5% APRnext payment −$2.69 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against Binance+0.059%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.059%, 7d avg −0.045%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.104% dearer against Binance than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.045%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.8170	0.0100	pay 0.0100% / 8h	49m 01s	$5.6M	$13.8M	75x
Short	Gate ENS_USDT	6.8210	−0.0169	pay 0.0169% / 8h	49m 01s	$450K	$574K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.059%Rate

Funding earned: −$56.49
Price spread: +0.059% → −0.045%: $10.37
Slippage, 4 orders: −$50.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$121.82
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Gate: live order book, 27 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, 6 min ago	0.73 bp	15.4 bp −$15	50.5 bp −$505	543.5 bp −$54.4K	doesn't fit
Sell Gate live order book, 27 min ago	5.17 bp	26.8 bp −$27	107.3 bp −$1,073	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	−0.1927%	1h	6.8106	−0.093%	$94K	$446K	20x	as long as short
Gate ENS_USDTshort	−0.0169%	8h	6.8210	+0.059%	$450K	$574K	75x
Variational Omni ENS	−0.0095%	8h	6.8196	+0.039%	$112K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0058%	8h	6.8140	−0.044%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0036%	8h	6.8160	−0.015%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0023%	8h	6.8110	−0.088%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0055%	8h	6.8181	+0.017%	$13K	$97K	10x	as long as short
BloFin ENS-USDT	+0.0073%	8h	6.8120	−0.073%	$317K	$75K	20x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.8170	long leg	$5.6M	$13.8M	75x
MEXC ENS_USDT	+0.0100%	8h	6.8110	−0.088%	$5.6M	$853K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.8200	+0.044%	$1.8M	$138K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.8150	−0.029%	—	$3.6M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8310	+0.205%	$24K	$610K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.8178	+0.011%	$1K	$181K	10x	as long as short
Hyperliquid ENS	+0.0203%	1h	6.8303	+0.195%	$3.1M	$410K	5x	as long as short