ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0933%/8h= −102.2% APRnext payment −$1.17 per $10,000 · paid last 24h −0.239%

Price spread now: Kraken Futures against Hyperliquid−0.157%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs+$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.693%+$169 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.157%, 7d avg −0.098%

Together, before fees+1.712%+ Points / potential airdropHyperliquid: Season 2 · farm board+$171 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Kraken Futures is 0.059% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.098%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.693%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENS	6.6857	0.0119	pay 0.0015% / 1h	21m 03s	$3.0M	$310K	5x
Short	Kraken Futures PF_ENSUSD	6.6752	−0.0814	pay 0.0102% / 1h	21m 03s	$90K	$447K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$195.91
Price spread: −0.157% → −0.098%: −$5.89
Slippage, 4 orders: −$88.7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$309.5
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 47 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 Hyperliquid live order book, 10 min ago	1.20 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 47 min ago	23.63 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit

ENS on 14 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_ENSUSDshort	−0.0814%	1h	6.6752	−0.157%	$90K	$447K	20x
OKX ENS-USDT-SWAP	+0.0087%	8h	6.6740	−0.175%	$2.3M	$3.5M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6900	+0.064%	$11K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6773	−0.126%	$5.2M	$14.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6700	−0.235%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6880	+0.034%	$453K	$571K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6800	−0.085%	$5.4M	$782K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6960	+0.154%	$1.8M	$151K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6800	−0.085%	$2.9M	$1.4M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6810	−0.070%	—	$7.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6793	−0.096%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6940	+0.124%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6880	+0.034%	$6K	$113K	10x	as long as short
Hyperliquid ENSlong	+0.0119%	1h	6.6857	long leg	$3.0M	$310K	5x