Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0194%/8hnext payment +$1.94 per $10,000 · paid last 24h +0.034%
Price spread now: Binance against Variational Omni+0.316%7-day average +0.066% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.044%+$4 on $10k
Price spread, last 3 days (all we have)−0.683%−$68 · spread now +0.316%, 7d avg +0.066%
Together, before fees−0.640%+ Points / potential airdropVariational Omni: Active · farm board−$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.250% dearer against Variational Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.066%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.044% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ENS6.7208−0.0140get 0.0140% / 8h4h 11m$111K$6K
ShortBinance ENSUSDT6.74200.0054get 0.0054% / 8h4h 11m$5.4M$13.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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

Funding earned
$40.74
Price spread: +0.316% → +0.066%
$24.98
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$55.72
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Binance: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 21 min ago4.94 bpdoesn't fit37.1 bp −$371doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.74 bp11.4 bp −$1134.5 bp −$345245.5 bp −$24.6Kdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.2179%1h6.7308+0.150%$95K$438K20xas long as short
Gate ENS_USDT−0.0202%8h6.7260+0.078%$453K$580K75xas long as short
Variational Omni ENSlong−0.0140%8h6.7208long leg$111K$6K
Bybit ENSUSDT−0.0114%8h6.7300+0.137%$5.4M$3.9M75xas long as short
OKX ENS-USDT-SWAP−0.0055%8h6.7350+0.212%$2.4M$3.4M20xas long as short
Aster ENSUSDT−0.0009%8h6.7406+0.295%$8K$86K10xas long as short
Binance ENSUSDTshort+0.0054%8h6.7420+0.316%$5.4M$13.7M75x
MEXC ENS_USDT+0.0054%8h6.7390+0.271%$5.5M$806K75xas long as short
Extended ENS-USD+0.0056%1h6.7383+0.260%$1K$181K10xas long as short
BloFin ENS-USDT+0.0064%8h6.7320+0.167%$320K$71K20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ENSUSDT+0.0085%8h6.7330+0.182%$2.9M$1.4M75xas long as short
BingX ENS-USDT+0.0089%8h6.7340+0.197%$3.9Mas long as short
Hyperliquid ENS+0.0100%1h6.7546+0.503%$3.1M$418K5xas long as short
KuCoin ENSUSDTM+0.0100%8h6.7380+0.256%$1.8M$142K50xas long as short
ApeX Omni ENSUSDT+0.0100%1h6.7380+0.256%$24K$615K50xas long as short