ENS

Alert: funding

Alert: spread

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

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

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%

Together, before fees+0.458%+$46 on $10k · with fees, hour by hour

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 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 OKXbpOrdersPrice spread, now −0.360%Rate

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