Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against BingX+0.166%7-day average +0.096% · 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−$56as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.347%+$35 · spread now +0.166%, 7d avg +0.096%

Together, before fees+0.215%+$21 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 0.070% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.6350	0.0100	pay 0.0100% / 8h	6h 45m	—	$7.8M	—
Short	ApeX Omni ENSUSDT	6.6460	0.0100	get 0.0013% / 1h	45m 22s	$25K	$603K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → +0.096%: $7.02
Slippage, 4 orders: −$42.93
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$55.91
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; ApeX Omni: live order book, 22 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 BingX live order book, 8 min ago	5.26 bp	16.9 bp −$17	37.3 bp −$373	206.9 bp −$20.7K	435.7 bp −$217.9K
Sell ApeX Omni live order book, 22 min ago	5.90 bp	13.5 bp −$13	90.4 bp −$904	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	−0.0818%	1h	6.6390	+0.061%	$87K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0066%	8h	6.6270	−0.121%	$2.3M	$3.5M	20x	as long as short
Variational Omni ENS	+0.0078%	8h	6.6315	−0.053%	$106K	$8K	—	as long as short
BloFin ENS-USDT	+0.0097%	8h	6.6560	+0.317%	$301K	$77K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6408	+0.088%	$11K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6311	−0.059%	$5.1M	$14.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6270	−0.121%	$5.3M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6330	−0.030%	$458K	$566K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6310	−0.060%	$5.4M	$775K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6410	+0.090%	$1.8M	$144K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6360	+0.015%	$3.0M	$1.3M	75x	as long as short
BingX ENS-USDTlong	+0.0100%	8h	6.6350	long leg	—	$7.8M	—
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.6460	+0.166%	$25K	$603K	50x
Extended ENS-USD	+0.0104%	1h	6.6328	−0.033%	$194	$107K	10x	as long as short
Hyperliquid ENS	+0.0218%	1h	6.6393	+0.065%	$3.0M	$355K	5x	as long as short