Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2131%/8h= +233.3% APRpaid last 24h +0.131%

Price spread now: Variational Omni against Kraken Futures+0.258%7-day average −0.138% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.629%−$163 on $10k

Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.258%, 7d avg −0.138%

Together, before fees−1.912%+ Points / potential airdropVariational Omni: Active · farm board−$191 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$64 a day on $10k at the current rate, and Variational Omni is 0.397% dearer against Kraken Futures than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.138%. Mind the row above: over the last 3 days funding on this pair cost −1.629%, 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	6.7751	−0.2245	get 0.0281% / 1h	7m 37s	$93K	$447K	20x
Short	Variational Omni ENS	6.7926	−0.0114	pay 0.0114% / 8h	1h 07m	$112K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.258%Rate

Funding earned: $447.48
Price spread: +0.258% → −0.138%: $39.66
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $477.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 10 min ago; Variational Omni: RFQ quote, 11 min ago. Net counts fees only.

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, 10 min ago	14.06 bp	29.7 bp −$30	604.5 bp −$6,045	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	7.14 bp	doesn't fit	36.7 bp −$367	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	−0.2245%	1h	6.7751	long leg	$93K	$447K	20x
Gate ENS_USDT	−0.0223%	8h	6.7720	−0.046%	$446K	$577K	75x	as long as short
Variational Omni ENSshort	−0.0114%	8h	6.7926	+0.258%	$112K	$5K	—
OKX ENS-USDT-SWAP	−0.0091%	8h	6.7830	+0.117%	$2.4M	$3.4M	20x	as long as short
Bybit ENSUSDT	−0.0065%	8h	6.7780	+0.043%	$5.5M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0063%	8h	6.7890	+0.205%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	+0.0010%	8h	6.7882	+0.193%	$14K	$93K	10x	as long as short
Extended ENS-USD	+0.0072%	1h	6.7784	+0.049%	$1K	$181K	10x	as long as short
MEXC ENS_USDT	+0.0075%	8h	6.7810	+0.087%	$5.6M	$866K	75x	as long as short
BingX ENS-USDT	+0.0075%	8h	6.7770	+0.028%	—	$3.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0076%	8h	6.7870	+0.176%	$5.5M	$13.7M	75x	as long as short
BloFin ENS-USDT	+0.0087%	8h	6.7960	+0.309%	$314K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7984	+0.344%	$3.1M	$412K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7890	+0.205%	$1.8M	$137K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7970	+0.323%	$24K	$607K	50x	as long as short