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 0.000%

Price spread now: KuCoin against BingX+0.121%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.184%−$18 · spread now +0.121%, 7d avg +0.046%

Together, before fees−0.180%−$18 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 0.075% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.5860	0.0100	pay 0.0100% / 8h	5h 06m	—	$11.2M	—
Short	KuCoin ENSUSDTM	6.5940	0.0100	get 0.0100% / 8h	5h 06m	$1.7M	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.046%: $7.51
Slippage, 4 orders: −$102.09
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$116.58
Costs to cover: 1.241%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 3 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, 10 min ago	3.79 bp	17.0 bp −$17	33.5 bp −$335	249.0 bp −$24.9K	467.1 bp −$233.5K
Sell KuCoin live order book, 3 min ago	9.10 bp	45.2 bp −$45	585.8 bp −$5,858	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	−0.0964%	1h	6.5868	+0.012%	$93K	$256K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0010%	8h	6.5870	+0.015%	$2.3M	$3.0M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6015	+0.235%	$3.0M	$199K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.5930	+0.106%	$10K	$130K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.5930	+0.106%	$5.1M	$12.1M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.5870	+0.015%	$5.3M	$3.1M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.5920	+0.091%	$441K	$590K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.5920	+0.091%	$6.9M	$931K	75x	as long as short
KuCoin ENSUSDTMshort	+0.0100%	8h	6.5940	+0.121%	$1.7M	$117K	50x
Bitget ENSUSDT	+0.0100%	8h	6.5900	+0.061%	$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-USDTlong	+0.0100%	8h	6.5860	long leg	—	$11.2M	—
Variational Omni ENS	+0.0100%	8h	6.5808	−0.079%	$107K	$20K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.5900	+0.061%	$24K	$602K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.5889	+0.044%	$2K	$254K	10x	as long as short
BloFin ENS-USDT	+0.0122%	8h	6.5880	+0.030%	$292K	$75K	20x	as long as short