Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1164%/8h= +127.5% APRpaid last 24h +0.304%

Price spread now: Binance against Kraken Futures+0.049%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$910.908% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.607%−$161 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.049%, 7d avg −0.043%

Together, before fees−1.653%−$165 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Binance is 0.092% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −1.607%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENSUSD	6.6347	−0.1064	get 0.0133% / 1h	1m 13s	$90K	$364K	20x
Short	Binance ENSUSDT	6.6380	0.0100	get 0.0100% / 8h	1h 01m	$5.1M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.049%Rate

Funding earned: $244.45
Price spread: +0.049% → −0.043%: $9.24
Slippage, 4 orders: −$70.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $162.89
Costs to cover: 0.908%
Break-even: 2.3 days

Slippage from Kraken Futures: live order book, 42 min ago; Binance: live order book, 9 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 Kraken Futures live order book, 42 min ago	16.56 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.50 bp	12.8 bp −$13	29.8 bp −$298	203.8 bp −$20.4K	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_ENSUSDlong	−0.1064%	1h	6.6347	long leg	$90K	$364K	20x
ApeX Omni ENSUSDT	−0.0195%	1h	6.6610	+0.396%	$24K	$608K	50x	as long as short
OKX ENS-USDT-SWAP	−0.0028%	8h	6.6350	+0.004%	$2.3M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0083%	8h	6.6400	+0.079%	$293K	$78K	20x	as long as short
Gate ENS_USDT	+0.0091%	8h	6.6460	+0.170%	$464K	$573K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6521	+0.262%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6424	+0.115%	$9K	$105K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.6380	+0.049%	$5.1M	$13.5M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6350	+0.004%	$5.4M	$3.3M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6390	+0.064%	$6.9M	$1.0M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.6450	+0.155%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6410	+0.094%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6400	+0.079%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6588	+0.363%	$108K	$13K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6374	+0.040%	$2K	$256K	10x	as long as short