ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.59 per $10,000 · paid last 24h +0.007%

Price spread now: OKX against Bybit+0.015%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.015%, 7d avg +0.050%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.035% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.7490	−0.0005	get 0.0005% / 8h	19m 15s	$5.4M	$3.8M	75x
Short	OKX ENS-USDT-SWAP	6.7500	−0.0064	pay 0.0064% / 8h	19m 15s	$2.4M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$12.48
Price spread: +0.015% → +0.050%: −$3.48
Slippage, 4 orders: −$48.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.85
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 3 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 Bybit live order book, 4 min ago	3.70 bp	14.8 bp −$15	46.9 bp −$469	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.22 bp	19.2 bp −$19	71.1 bp −$711	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	−0.1945%	1h	6.7491	+0.002%	$92K	$447K	20x	as long as short
Gate ENS_USDT	−0.0225%	8h	6.7490	0.000%	$458K	$586K	75x	as long as short
Variational Omni ENS	−0.0078%	8h	6.7456	−0.051%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAPshort	−0.0064%	8h	6.7500	+0.015%	$2.4M	$3.4M	20x
Bitget ENSUSDT	−0.0021%	8h	6.7500	+0.015%	$2.9M	$1.3M	75x	as long as short
ApeX Omni ENSUSDT	−0.0007%	1h	6.7370	−0.178%	$24K	$608K	50x	as long as short
Bybit ENSUSDTlong	−0.0005%	8h	6.7490	long leg	$5.4M	$3.8M	75x
Aster ENSUSDT	+0.0049%	8h	6.7510	+0.030%	$15K	$102K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7580	+0.133%	$5.4M	$14.0M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7550	+0.089%	$5.5M	$861K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.7550	+0.089%	$1.8M	$138K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7490	0.000%	—	$8.1M	—	as long as short
BloFin ENS-USDT	+0.0104%	8h	6.7590	+0.148%	$314K	$75K	20x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7567	+0.114%	$1K	$181K	10x	as long as short
Hyperliquid ENS	+0.0309%	1h	6.7729	+0.354%	$3.1M	$413K	5x	as long as short