ENS

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

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)+0.247%+$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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENS_USDT	6.7750	0.0022	pay 0.0022% / 8h	7h 55m	$457K	$569K	75x
Short	OKX ENS-USDT-SWAP	6.7640	−0.0035	pay 0.0035% / 8h	7h 55m	$2.4M	$3.5M	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 −0.162%Rate

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 16 min ago	6.67 bp	26.1 bp −$26	146.4 bp −$1,464	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.95 bp	19.3 bp −$19	74.0 bp −$740	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	−0.1384%	1h	6.7932	+0.269%	$93K	$447K	20x	as long as short
Variational Omni ENS	−0.0036%	8h	6.8006	+0.378%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAPshort	−0.0035%	8h	6.7640	−0.162%	$2.4M	$3.5M	20x
Bitget ENSUSDT	+0.0018%	8h	6.7670	−0.118%	$2.9M	$1.3M	75x	as long as short
Gate ENS_USDTlong	+0.0022%	8h	6.7750	long leg	$457K	$569K	75x
Aster ENSUSDT	+0.0100%	8h	6.7758	+0.012%	$15K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7707	−0.064%	$5.4M	$14.0M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7650	−0.148%	$5.4M	$3.8M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.7700	−0.074%	$5.5M	$861K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7780	+0.044%	$1.8M	$136K	50x	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	6.7730	−0.030%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7840	+0.133%	$25K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7723	−0.040%	$1K	$176K	10x	as long as short
BloFin ENS-USDT	+0.0125%	8h	6.7900	+0.221%	$312K	$76K	20x	as long as short
Hyperliquid ENS	+0.0244%	1h	6.7875	+0.185%	$3.1M	$414K	5x	as long as short