ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0109%/8h= +12.0% APRnext payment +$1.09 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Gate+0.103%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.103%, 7d avg −0.036%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.139% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7870	−0.0210	get 0.0210% / 8h	2h 25m	$461K	$576K	75x
Short	Bybit ENSUSDT	6.7940	−0.0101	pay 0.0101% / 8h	2h 25m	$5.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.103%Rate

Funding earned: $23
Price spread: +0.103% → −0.036%: $13.93
Slippage, 4 orders: −$60.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.4
Costs to cover: 0.863%
Break-even: 22.0 days

Slippage from Gate: live order book, 60 min ago; Bybit: live order book, 2 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, 60 min ago	4.43 bp	21.1 bp −$21	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.68 bp	17.8 bp −$18	49.9 bp −$499	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	−0.2129%	1h	6.7981	+0.164%	$92K	$436K	20x	as long as short
Gate ENS_USDTlong	−0.0210%	8h	6.7870	long leg	$461K	$576K	75x
Variational Omni ENS	−0.0151%	8h	6.7707	−0.240%	$111K	$6K	—	as long as short
Bybit ENSUSDTshort	−0.0101%	8h	6.7940	+0.103%	$5.4M	$3.8M	75x
OKX ENS-USDT-SWAP	−0.0036%	8h	6.7950	+0.118%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	−0.0015%	8h	6.7992	+0.179%	$8K	$89K	10x	as long as short
Bitget ENSUSDT	−0.0008%	8h	6.7950	+0.118%	$2.9M	$1.3M	75x	as long as short
BloFin ENS-USDT	+0.0045%	8h	6.7820	−0.074%	$311K	$73K	20x	as long as short
BingX ENS-USDT	+0.0048%	8h	6.7980	+0.162%	—	$3.7M	—	as long as short
MEXC ENS_USDT	+0.0053%	8h	6.8000	+0.192%	$5.5M	$827K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0054%	8h	6.7988	+0.174%	$5.3M	$13.8M	75x	as long as short
Extended ENS-USD	+0.0056%	1h	6.8008	+0.203%	$1K	$181K	10x	as long as short
ApeX Omni ENSUSDT	+0.0098%	1h	6.7780	−0.133%	$24K	$611K	50x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.8150	+0.413%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7980	+0.162%	$1.8M	$140K	50x	as long as short