Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0631%/8h= −69.1% APRpaid last 24h −0.014%

Price spread now: ApeX Omni against BloFin−0.045%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.045%, 7d avg +0.041%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and ApeX Omni is 0.086% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENS-USDT	6.6360	0.0102	pay 0.0102% / 8h	1h 26m	$294K	$80K	20x
Short	ApeX Omni ENSUSDT	6.6330	−0.0529	pay 0.0066% / 1h	26m 44s	$24K	$606K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: −$132.44
Price spread: −0.045% → +0.041%: −$8.6
Slippage, 4 orders: −$37.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$200.5
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from BloFin: live order book, 40 min ago; ApeX Omni: live order book, 16 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 BloFin live order book, 40 min ago	3.75 bp	11.6 bp −$12	20.3 bp −$203	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	9.03 bp	17.1 bp −$17	93.0 bp −$930	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	−0.1063%	1h	6.6385	+0.038%	$90K	$370K	20x	as long as short
ApeX Omni ENSUSDTshort	−0.0529%	1h	6.6330	−0.045%	$24K	$606K	50x
OKX ENS-USDT-SWAP	−0.0007%	8h	6.6470	+0.166%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0038%	8h	6.6310	−0.075%	$462K	$573K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6651	+0.439%	$3.0M	$294K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6424	+0.096%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6489	+0.194%	$5.1M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6420	+0.090%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6480	+0.181%	$6.5M	$967K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6380	+0.030%	$1.8M	$118K	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	6.6440	+0.121%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6360	0.000%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6163	−0.296%	$106K	$9K	—	as long as short
BloFin ENS-USDTlong	+0.0102%	8h	6.6360	long leg	$294K	$80K	20x
Extended ENS-USD	+0.0104%	1h	6.6407	+0.071%	$570	$260K	10x	as long as short