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 +0.009%

Price spread now: BingX against Bitget−0.045%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.045%, 7d avg +0.002%

Together, before fees+0.191%+$19 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: BingX is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6420	0.0100	pay 0.0100% / 8h	7h 56m	$2.9M	$1.2M	75x
Short	BingX ENS-USDT	6.6390	0.0100	get 0.0100% / 8h	7h 56m	—	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.002%: −$4.69
Slippage, 4 orders: −$46.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$73.66
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 12 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 Bitget live order book, 1 min ago	6.02 bp	21.9 bp −$22	42.5 bp −$425	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.53 bp	14.6 bp −$15	30.0 bp −$300	147.0 bp −$14.7K	462.4 bp −$231.2K

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	−0.0942%	1h	6.6337	−0.126%	$90K	$346K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0002%	8h	6.6320	−0.151%	$2.3M	$3.3M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6395	−0.038%	$8K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6390	−0.045%	$5.1M	$13.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6340	−0.120%	$5.4M	$3.2M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6410	−0.015%	$463K	$551K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6370	−0.075%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6420	0.000%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDTlong	+0.0100%	8h	6.6420	long leg	$2.9M	$1.2M	75x
BingX ENS-USDTshort	+0.0100%	8h	6.6390	−0.045%	—	$7.5M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6231	−0.284%	$106K	$15K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6350	−0.105%	$24K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6377	−0.065%	$3K	$252K	10x	as long as short
BloFin ENS-USDT	+0.0115%	8h	6.6530	+0.166%	$294K	$77K	20x	as long as short
Hyperliquid ENS	+0.0184%	1h	6.6500	+0.120%	$3.0M	$293K	5x	as long as short