Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.047%

Price spread now: Extended against Variational Omni−0.007%7-day average +0.049% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.407%−$41 · spread now −0.007%, 7d avg +0.049%

Together, before fees−0.336%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.055% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENS	6.6502	0.0100	pay 0.0100% / 8h	40m 11s	$109K	$13K	—
Short	Extended ENS-USD	6.6498	0.0104	get 0.0013% / 1h	40m 11s	$2K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0.84
Price spread: −0.007% → +0.049%: −$5.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.71
Costs to cover: 0.050%
Break-even: 87.9 days

Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Extended: live order book, 62 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 Variational Omni RFQ quote, 64 min ago	4.96 bp	doesn't fit	63.2 bp −$632	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	2.03 bp	18.1 bp −$18	132.6 bp −$1,326	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_ENSUSD	−0.1030%	1h	6.6412	−0.135%	$90K	$356K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0018%	8h	6.6430	−0.108%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6581	+0.119%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6516	+0.021%	$9K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6480	−0.033%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6430	−0.108%	$5.4M	$3.3M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6540	+0.057%	$463K	$570K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6480	−0.033%	$6.9M	$1.0M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6530	+0.042%	$1.8M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6510	+0.012%	$2.9M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6480	−0.033%	—	$7.5M	—	as long as short
Variational Omni ENSlong	+0.0100%	8h	6.6502	long leg	$109K	$13K	—
ApeX Omni ENSUSDT	+0.0100%	1h	6.6600	+0.147%	$24K	$608K	50x	as long as short
Extended ENS-USDshort	+0.0104%	1h	6.6498	−0.007%	$2K	$250K	10x
BloFin ENS-USDT	+0.0117%	8h	6.6580	+0.117%	$294K	$78K	20x	as long as short