ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.027%

Price spread now: Binance against Gate−0.020%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.020%, 7d avg +0.046%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.065% cheaper against Gate than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.046%). If the spread goes back, that is −$7 on $10k: about 6.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.032% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.6170	0.0065	pay 0.0065% / 8h	2h 15m	$460K	$572K	75x
Short	Binance ENSUSDT	6.6157	0.0100	get 0.0100% / 8h	2h 15m	$5.1M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.020%Rate

Funding earned: $7.35
Price spread: −0.020% → +0.046%: −$6.53
Slippage, 4 orders: −$59.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.82
Costs to cover: 0.846%
Break-even: 86.8 days

Slippage from Gate: live order book, 30 min ago; Binance: live order book, 9 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, 30 min ago	6.82 bp	27.2 bp −$27	114.7 bp −$1,147	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.76 bp	16.2 bp −$16	36.4 bp −$364	216.1 bp −$21.6K	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	−0.1029%	1h	6.6068	−0.155%	$90K	$379K	20x	as long as short
Gate ENS_USDTlong	+0.0065%	8h	6.6170	long leg	$460K	$572K	75x
OKX ENS-USDT-SWAP	+0.0080%	8h	6.6130	−0.060%	$2.3M	$3.4M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6180	+0.015%	$9K	$105K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.6157	−0.020%	$5.1M	$13.6M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6170	0.000%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6140	−0.045%	$6.1M	$870K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6230	+0.091%	$1.7M	$120K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6130	−0.060%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6190	+0.030%	—	$7.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.5898	−0.410%	$105K	$9K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6160	−0.015%	$24K	$604K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6133	−0.056%	$640	$258K	10x	as long as short
BloFin ENS-USDT	+0.0129%	8h	6.6150	−0.030%	$291K	$79K	20x	as long as short
Hyperliquid ENS	+0.0152%	1h	6.6254	+0.127%	$3.0M	$295K	5x	as long as short