ENS funding rate

Compared across 9 venues · net of estimated fees

ENS Funding Rate — live across 9 venues

Perpetual funding · compared across 9 venues · net of estimated fees · updated every few minutes

Live annualized ENS perpetual funding across all 9 venues Perpia tracks. Right now ENS funding is positive on 9 and negative on 0, ranging from +10.9% on BingX to +3.0% on KuCoin — a spread of 8.0%. The widest delta-neutral trade is long KuCoin / short BingX at 3.8% net APR.

9venues
9paying positive
8.0%funding spread
Best ENS spread now
3.8%
net APR after fees
LongKuCoin↗→ShortBingX↗
size depends on live venue depth — see the real cap in the scanner

ENS funding trend & liquidity

168h of history
8.0%current gross APR
1.0%24h average
0.3%7-day average
$941Kpair OI · lower leg
$34K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

ENS · KuCoin → BingX — no history

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Build a route

any two of the 9 venues
Gross spread+8.0%+$2.19 / day on $10,000
Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 9 venues
VenueFunding APR ↓IntervalUse as
BingX↗short+10.9%every 8h
OKX↗+10.9%every 8h
Bybit↗+10.9%every 8h
Gate.io↗+10.9%every 8h
Bitget↗+10.9%every 8h
Hyperliquid↗+10.9%every 1h
MEXC↗+9.1%every 8h
Binance↗+8.8%every 8h
KuCoin↗long+3.0%every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs BingX page. 8 pairs scanned for ENS.

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ENS — FAQ

Is ENS funding positive right now?

ENS perpetual funding is positive on 9 of 9 venues Perpia tracks. The highest is +10.9% on BingX; the lowest is +3.0% on KuCoin.

What is the best ENS funding arbitrage right now?

Go long KuCoin and short BingX for about 3.8% net APR after fees — the widest delta-neutral ENS spread Perpia currently sees.

Which exchange has the highest ENS funding rate?

BingX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How ENS funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to ENS

also quoted on both BingX and KuCoin

The same two exchanges you would already have funded for the ENS trade. Every spread between them is on the BingX vs KuCoin page.