Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.007%

Price spread now: Extended against BloFin−0.744%454s7-day average −0.048% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.685% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.769%+$77 · spread now −0.744%, 7d avg −0.048%

Together, before fees+0.734%+ Points / potential airdropExtended: Active · farm board+$73 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 0.696% cheaper against BloFin than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of −0.048%. The two prices were read 454 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENS-USDT	6.6560	0.0097	pay 0.0097% / 8h	6h 41m	$301K	$77K	20x
Short	Extended ENS-USD	6.6065	0.0104	get 0.0013% / 1h	41m 43s	$193	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.744%Rate

Funding earned: $1.48
Price spread: −0.744% → −0.048%: −$69.59
Slippage, 4 orders: −$51.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$136.63
Costs to cover: 0.685%
Break-even: 651.1 days

Slippage from BloFin: live order book, 20 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 BloFin live order book, 20 min ago	1.49 bp	18.9 bp −$19	44.7 bp −$447	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.67 bp	18.6 bp −$19	136.2 bp −$1,362	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	−0.0824%	1h	6.5937	−0.937%	$87K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0066%	8h	6.6020	−0.811%	$2.3M	$3.4M	20x	as long as short
Variational Omni ENS	+0.0078%	8h	6.6315	−0.369%	$106K	$8K	—	as long as short
BloFin ENS-USDTlong	+0.0097%	8h	6.6560	long leg	$301K	$77K	20x
Aster ENSUSDT	+0.0100%	8h	6.6080	−0.721%	$10K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6074	−0.731%	$5.1M	$14.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.5990	−0.856%	$5.3M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.5990	−0.856%	$455K	$566K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6010	−0.826%	$5.4M	$775K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6150	−0.616%	$1.8M	$144K	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	6.6050	−0.766%	$2.9M	$1.4M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6040	−0.781%	—	$7.8M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6460	−0.150%	$25K	$603K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.6065	−0.744%	$193	$107K	10x
Hyperliquid ENS	+0.0194%	1h	6.6152	−0.613%	$3.0M	$360K	5x	as long as short