Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against BloFin+0.136%95s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$630.631% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 4 days (all we have)+0.277%+$28 · spread now +0.136%, 7d avg −0.019%
Together, before fees+0.220%+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.154% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ENS-USDT6.63300.0084pay 0.0084% / 8h7h 47m$294K$76K20x
ShortBitget ENSUSDT6.64200.0100get 0.0100% / 8h7h 47m$2.9M$1.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$3.33
Price spread: +0.136% → −0.019%
$15.44
Slippage, 4 orders
−$39.12
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$44.34
Costs to cover
0.631%
Break-even
100.1 days
Slippage from BloFin: live order book, 9 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 9 min ago1.50 bp12.3 bp −$1228.2 bp −$282doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago4.53 bp16.9 bp −$1748.4 bp −$484doesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.0941%1h6.6404+0.112%$90K$345K20xas long as short
OKX ENS-USDT-SWAP+0.0005%8h6.6420+0.136%$2.3M$3.3M20xas long as short
BloFin ENS-USDTlong+0.0084%8h6.6330long leg$294K$76K20x
Aster ENSUSDT+0.0100%8h6.6427+0.146%$8K$102K10xas long as short
Binance ENSUSDT+0.0100%8h6.6456+0.189%$5.1M$13.3M75xas long as short
Bybit ENSUSDT+0.0100%8h6.6410+0.121%$5.4M$3.2M75xas long as short
Gate ENS_USDT+0.0100%8h6.6360+0.045%$463K$551K75xas long as short
MEXC ENS_USDT+0.0100%8h6.6460+0.196%$6.9M$1.0M75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.6450+0.181%$1.8M$119K50xas long as short
Bitget ENSUSDTshort+0.0100%8h6.6420+0.136%$2.9M$1.2M75x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0100%8h6.6410+0.121%$7.5Mas long as short
Variational Omni ENS+0.0100%8h6.6309−0.032%$108K$17Kas long as short
ApeX Omni ENSUSDT+0.0100%1h6.6260−0.106%$24K$607K50xas long as short
Extended ENS-USD+0.0104%1h6.6433+0.155%$3K$252K10xas long as short
Hyperliquid ENS+0.0170%1h6.6561+0.348%$3.0M$292K5xas long as short