Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0749%/8h= +82.0% APRpaid last 24h +0.245%

Price spread now: Gate against Kraken Futures−0.049%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1311.311% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.696%−$170 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.049%, 7d avg −0.093%

Together, before fees−1.650%−$165 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Gate is 0.045% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 7 days funding on this pair cost −1.696%, 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	6.6472	−0.0675	get 0.0084% / 1h	23m 06s	$90K	$393K	20x
Short	Gate ENS_USDT	6.6440	0.0074	get 0.0074% / 8h	3h 23m	$455K	$561K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: $157.35
Price spread: −0.049% → −0.093%: $4.46
Slippage, 4 orders: −$106.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $30.72
Costs to cover: 1.311%
Break-even: 5.6 days

Slippage from Kraken Futures: live order book, 30 min ago; Gate: live order book, 28 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, 30 min ago	28.25 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 28 min ago	7.46 bp	28.3 bp −$28	104.0 bp −$1,040	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_ENSUSDlong	−0.0675%	1h	6.6472	long leg	$90K	$393K	20x
ApeX Omni ENSUSDT	−0.0105%	1h	6.6590	+0.177%	$25K	$600K	50x	as long as short
Gate ENS_USDTshort	+0.0074%	8h	6.6440	−0.049%	$455K	$561K	75x
BloFin ENS-USDT	+0.0077%	8h	6.6520	+0.072%	$298K	$74K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0092%	8h	6.6480	+0.011%	$2.4M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6586	+0.171%	$3.0M	$292K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6510	+0.057%	$9K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6464	−0.013%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6490	+0.027%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6500	+0.042%	$5.9M	$755K	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	6.6590	+0.177%	$1.8M	$126K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6490	+0.027%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6460	−0.019%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6403	−0.105%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6509	+0.055%	$2K	$120K	10x	as long as short