Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.015%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.015%, 7d avg +0.038%

Together, before fees+0.058%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$6 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: Aster is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6611	0.0104	pay 0.0013% / 1h	36m 49s	$888	$114K	10x
Short	Aster ENSUSDT	6.6621	0.0100	get 0.0100% / 8h	5h 36m	$10K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → +0.038%: −$2.24
Slippage, 4 orders: −$61.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.31
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; Aster: live order book, 36 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 Extended live order book, 24 min ago	2.32 bp	18.7 bp −$19	185.9 bp −$1,859	doesn't fit	doesn't fit
Sell Aster live order book, 36 min ago	6.74 bp	18.6 bp −$19	doesn't fit	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	−0.0936%	1h	6.6587	−0.036%	$89K	$432K	20x	as long as short
Gate ENS_USDT	+0.0039%	8h	6.6550	−0.092%	$453K	$563K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0091%	8h	6.6600	−0.017%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6744	+0.200%	$3.0M	$302K	5x	as long as short
Aster ENSUSDTshort	+0.0100%	8h	6.6621	+0.015%	$10K	$108K	10x
Binance ENSUSDT	+0.0100%	8h	6.6640	+0.044%	$5.2M	$13.6M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6570	−0.062%	$5.4M	$3.7M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6650	+0.059%	$5.4M	$726K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6650	+0.059%	$1.8M	$138K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6620	+0.013%	$2.9M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6600	−0.017%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6562	−0.074%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6590	−0.032%	$25K	$598K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6611	long leg	$888	$114K	10x
BloFin ENS-USDT	+0.0121%	8h	6.6670	+0.089%	$301K	$76K	20x	as long as short