Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRnext payment $0.57 per $10,000 · paid last 24h −0.009%
Price spread now: OKX against Gate−0.162%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$870.875% of the position
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)+0.247%+$25 · spread now −0.162%, 7d avg −0.001%
Together, before fees+0.233%+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.161% cheaper against Gate than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ENS_USDT6.77500.0022pay 0.0022% / 8h7h 55m$457K$569K75x
ShortOKX ENS-USDT-SWAP6.7640−0.0035pay 0.0035% / 8h7h 55m$2.4M$3.5M20x

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

Funding earned
−$12.05
Price spread: −0.162% → −0.001%
−$16.13
Slippage, 4 orders
−$62.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
−$115.63
Costs to cover
0.875%
Break-even
never at this rate
Slippage from Gate: live order book, 16 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 16 min ago6.67 bp26.1 bp −$26146.4 bp −$1,464doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.95 bp19.3 bp −$1974.0 bp −$740doesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.1384%1h6.7932+0.269%$93K$447K20xas long as short
Variational Omni ENS−0.0036%8h6.8006+0.378%$111K$5Kas long as short
OKX ENS-USDT-SWAPshort−0.0035%8h6.7640−0.162%$2.4M$3.5M20x
Bitget ENSUSDT+0.0018%8h6.7670−0.118%$2.9M$1.3M75xas long as short
Gate ENS_USDTlong+0.0022%8h6.7750long leg$457K$569K75x
Aster ENSUSDT+0.0100%8h6.7758+0.012%$15K$103K10xas long as short
Binance ENSUSDT+0.0100%8h6.7707−0.064%$5.4M$14.0M75xas long as short
Bybit ENSUSDT+0.0100%8h6.7650−0.148%$5.4M$3.8M75xas long as short
MEXC ENS_USDT+0.0100%8h6.7700−0.074%$5.5M$861K75xas long as short
KuCoin ENSUSDTM+0.0100%8h6.7780+0.044%$1.8M$136K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0100%8h6.7730−0.030%$8.1Mas long as short
ApeX Omni ENSUSDT+0.0100%1h6.7840+0.133%$25K$607K50xas long as short
Extended ENS-USD+0.0104%1h6.7723−0.040%$1K$176K10xas long as short
BloFin ENS-USDT+0.0125%8h6.7900+0.221%$312K$76K20xas long as short
Hyperliquid ENS+0.0244%1h6.7875+0.185%$3.1M$414K5xas long as short