Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: Extended against Bitget+0.017%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.017%, 7d avg −0.014%

Together, before fees+0.127%+ Points / potential airdropExtended: Active · farm board+$13 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: Extended is 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6790	0.0100	pay 0.0100% / 8h	5h 36m	$2.9M	$1.2M	75x
Short	Extended ENS-USD	6.6801	0.0104	get 0.0013% / 1h	36m 00s	$888	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0.84
Price spread: +0.017% → −0.014%: $3.05
Slippage, 4 orders: −$56.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.91
Costs to cover: 0.738%
Break-even: 589.6 days

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 24 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, 2 min ago	5.25 bp	20.4 bp −$20	47.1 bp −$471	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.32 bp	17.0 bp −$17	122.4 bp −$1,224	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	−0.0934%	1h	6.6774	−0.024%	$90K	$431K	20x	as long as short
Gate ENS_USDT	+0.0046%	8h	6.6610	−0.270%	$453K	$563K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0094%	8h	6.6800	+0.015%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6940	+0.225%	$3.0M	$302K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6751	−0.058%	$10K	$108K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6830	+0.060%	$5.2M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6810	+0.030%	$5.4M	$3.6M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6850	+0.090%	$5.4M	$726K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6770	−0.030%	$1.8M	$138K	50x	as long as short
Bitget ENSUSDTlong	+0.0100%	8h	6.6790	long leg	$2.9M	$1.2M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6670	−0.180%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6747	−0.064%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6590	−0.299%	$25K	$598K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.6801	+0.017%	$888	$114K	10x
BloFin ENS-USDT	+0.0121%	8h	6.6670	−0.180%	$301K	$76K	20x	as long as short