Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance+0.076%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1791.788% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.192%−$19 · spread now +0.076%, 7d avg +0.009%

Together, before fees−0.155%−$16 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: KuCoin is 0.067% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.6180	0.0100	pay 0.0100% / 8h	5h 48m	$5.1M	$12.1M	75x
Short	KuCoin ENSUSDTM	6.6230	0.0100	get 0.0100% / 8h	5h 48m	$1.7M	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.009%: $6.66
Slippage, 4 orders: −$156.78
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$172.12
Costs to cover: 1.788%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 1 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, 15 min ago	0.75 bp	14.3 bp −$14	34.8 bp −$348	652.7 bp −$65.3K	doesn't fit
Sell KuCoin live order book, 1 min ago	4.53 bp	92.9 bp −$93	602.3 bp −$6,023	doesn't fit	doesn't fit

ENS on 15 exchanges

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	−0.0960%	1h	6.6170	−0.016%	$94K	$260K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0008%	8h	6.6140	−0.060%	$2.3M	$3.0M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6250	+0.106%	$3.0M	$199K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6246	+0.100%	$8K	$124K	10x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.6180	long leg	$5.1M	$12.1M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6140	−0.060%	$5.3M	$3.1M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6140	−0.060%	$441K	$587K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6160	−0.030%	$6.9M	$925K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.6230	+0.076%	$1.7M	$118K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6230	+0.076%	$2.9M	$1.2M	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6160	−0.030%	—	$11.3M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6223	+0.065%	$108K	$20K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6300	+0.181%	$24K	$601K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6158	−0.033%	$4K	$254K	10x	as long as short
BloFin ENS-USDT	+0.0113%	8h	6.6180	0.000%	$294K	$75K	20x	as long as short