Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.041%

Price spread now: Variational Omni against Bitget−0.003%7-day average −0.061% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.003%, 7d avg −0.061%

Together, before fees+0.054%+ Points / potential airdropVariational Omni: Active · farm board+$5 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: Variational Omni is 0.059% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6760	0.0100	pay 0.0100% / 8h	3h 57m	$2.9M	$1.2M	75x
Short	Variational Omni ENS	6.6758	0.0100	get 0.0100% / 8h	3h 57m	$107K	$9K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.061%: $5.89
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, just now; Variational Omni: RFQ quote, 61 min ago. Net counts fees only.

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, just now	5.25 bp	19.3 bp −$19	39.5 bp −$395	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	4.21 bp	doesn't fit	56.7 bp −$567	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	−0.0673%	1h	6.6730	−0.045%	$90K	$407K	20x	as long as short
Gate ENS_USDT	+0.0071%	8h	6.6780	+0.030%	$456K	$560K	75x	as long as short
BloFin ENS-USDT	+0.0074%	8h	6.6750	−0.015%	$298K	$74K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6853	+0.139%	$3.0M	$294K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6791	+0.046%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6802	+0.064%	$5.2M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6750	−0.015%	$5.4M	$3.7M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6720	−0.060%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6800	+0.060%	$5.6M	$718K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6830	+0.105%	$1.8M	$133K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDTlong	+0.0100%	8h	6.6760	long leg	$2.9M	$1.2M	75x
BingX ENS-USDT	+0.0100%	8h	6.6750	−0.015%	—	$7.8M	—	as long as short
Variational Omni ENSshort	+0.0100%	8h	6.6758	−0.003%	$107K	$9K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6780	+0.030%	$25K	$599K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6713	−0.070%	$2K	$124K	10x	as long as short