Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h +0.005%
Price spread now: OKX against Gate−0.360%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$870.867% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.445%+$44 · spread now −0.360%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.358% cheaper against Gate than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ENS_USDT | 6.6630 | 0.0091 | pay 0.0091% / 8h | 1h 55m | $463K | $572K | 75x |
| Short | OKX ENS-USDT-SWAP | 6.6390 | 0.0067 | get 0.0067% / 8h | 1h 55m | $2.3M | $3.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.94
- Price spread: −0.360% → −0.002%
- −$35.81
- Slippage, 4 orders
- −$61.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$127.5
- Costs to cover
- 0.867%
- Break-even
- never at this rate
Slippage from Gate: live order book, 50 min ago; OKX: live order book, 1 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, 50 min ago | 6.82 bp | 27.2 bp −$27 | 114.7 bp −$1,147 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.50 bp | 17.1 bp −$17 | 93.3 bp −$933 | 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 | −0.1063% | 1h | 6.6389 | −0.361% | $90K | $372K | 20x | as long as short |
| OKX ENS-USDT-SWAPshort | +0.0067% | 8h | 6.6390 | −0.360% | $2.3M | $3.4M | 20x | |
| Gate ENS_USDTlong | +0.0091% | 8h | 6.6630 | long leg | $463K | $572K | 75x | |
| Hyperliquid ENS | +0.0100% | 1h | 6.6581 | −0.074% | $3.0M | $295K | 5x | as long as short |
| Aster ENSUSDT | +0.0100% | 8h | 6.6462 | −0.253% | $9K | $105K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.6460 | −0.255% | $5.1M | $13.6M | 75x | as long as short |
| Bybit ENSUSDT | +0.0100% | 8h | 6.6400 | −0.345% | $5.4M | $3.4M | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.6450 | −0.270% | $6.2M | $862K | 75x | as long as short |
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.6540 | −0.135% | $1.8M | $119K | 50x | as long as short |
| Bitget ENSUSDT | +0.0100% | 8h | 6.6480 | −0.225% | $2.9M | $1.2M | 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 | 6.6430 | −0.300% | — | $7.5M | — | as long as short |
| Variational Omni ENS | +0.0100% | 8h | 6.6478 | −0.229% | $106K | $9K | — | as long as short |
| ApeX Omni ENSUSDT | +0.0100% | 1h | 6.6590 | −0.060% | $24K | $605K | 50x | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.6443 | −0.281% | $3K | $258K | 10x | as long as short |
| BloFin ENS-USDT | +0.0120% | 8h | 6.6550 | −0.120% | $293K | $80K | 20x | as long as short |
Gate ENS_USDT
OKX ENS-USDT-SWAP
Kraken Futures PF_ENSUSD
Hyperliquid ENS
Aster ENSUSDT
Binance ENSUSDT
Bybit ENSUSDT
MEXC ENS_USDT
KuCoin ENSUSDTM
Bitget ENSUSDT
BingX ENS-USDT
Variational Omni ENS
ApeX Omni ENSUSDT
Extended ENS-USD
BloFin ENS-USDT