Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against Gate+0.905%66s7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as 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−$920.922% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.664%−$66 · spread now +0.905%, 7d avg +0.090%

Together, before fees−0.728%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.815% dearer against Gate than usual: you sell high and buy low (spread +0.905% now, against its 7-day average of +0.090%): +$81 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 days. The two prices were read 66 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	Gate ENS_USDT	6.6320	0.0100	pay 0.0100% / 8h	6h 54m	$480K	$560K	75x
Short	ApeX Omni ENSUSDT	6.6920	0.0041	get 0.0005% / 1h	54m 29s	$24K	$605K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.905%Rate

Funding earned: −$12.48
Price spread: +0.905% → +0.090%: $81.46
Slippage, 4 orders: −$67.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.23
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Gate: live order book, 36 min ago; ApeX Omni: live order book, 38 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 Gate live order book, 36 min ago	6.85 bp	26.0 bp −$26	128.0 bp −$1,280	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	6.84 bp	19.4 bp −$19	102.2 bp −$1,022	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	−0.0954%	1h	6.6420	+0.150%	$94K	$288K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0008%	8h	6.6350	+0.045%	$2.3M	$3.2M	20x	as long as short
ApeX Omni ENSUSDTshort	+0.0041%	1h	6.6920	+0.905%	$24K	$605K	50x
BloFin ENS-USDT	+0.0086%	8h	6.6890	+0.859%	$295K	$76K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6494	+0.262%	$3.0M	$241K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6484	+0.248%	$8K	$125K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6420	+0.151%	$5.1M	$12.9M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6400	+0.121%	$5.4M	$3.2M	75x	as long as short
Gate ENS_USDTlong	+0.0100%	8h	6.6320	long leg	$480K	$560K	75x
MEXC ENS_USDT	+0.0100%	8h	6.6460	+0.211%	$6.9M	$972K	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	6.6260	−0.090%	$1.7M	$117K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6420	+0.151%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6370	+0.075%	—	$11.3M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6797	+0.719%	$109K	$21K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6290	−0.045%	$3K	$255K	10x	as long as short