ArbiLayer

ENS arbitrage

live

Live Ethereum Name Service price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.09%Bybit → Hyperliquid · Perp–Perp
Best perp–perp spread+0.07%Bybit → Hyperliquid
Markets tracked1610 venues · 9 perp · 7 spot · 0 DEX
Price range0.23%$6.50 – $6.52

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$6.50Hyperliquid logoHyperliquid$6.51 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Binance logoBinance$6.50Hyperliquid logoHyperliquid$6.51 +0.04%-0.12% +0.04%— +0.009%— LS Chart →
MEXC logoMEXC$6.50Hyperliquid logoHyperliquid$6.51 +0.04%-0.12% +0.04%— +0.009%— LS Chart →
OKX logoOKX$6.50Hyperliquid logoHyperliquid$6.51 +0.04%-0.12% +0.04%— +0.024%— LS Chart →
Bybit logoBybit$6.50Bitget logoBitget$6.50 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Bybit logoBybit$6.50Binance logoBinance$6.50 +0.02%-0.14% +0.01%— -0.009%— LS Chart →
Bybit logoBybit$6.50MEXC logoMEXC$6.50 +0.02%-0.14% +0.01%— -0.009%— LS Chart →
Bybit logoBybit$6.50OKX logoOKX$6.50 +0.02%-0.14% +0.01%— -0.024%— LS Chart →
Bitget logoBitget$6.51Hyperliquid logoHyperliquid$6.51 +0.01%-0.15% +0.00%— 0.000%— LS Chart →
Binance logoBinance$6.50Bitget logoBitget$6.50 0.00%-0.16% +0.00%— +0.009%— LS Chart →
MEXC logoMEXC$6.50Bitget logoBitget$6.50 0.00%-0.16% +0.00%— +0.009%— LS Chart →
OKX logoOKX$6.50Bitget logoBitget$6.50 0.00%-0.16% +0.01%— +0.024%— LS Chart →
KuCoin logoKuCoin$6.51Hyperliquid logoHyperliquid$6.51 -0.00%-0.16% -0.01%— 0.000%— LS Chart →
Aster logoAster$6.51Hyperliquid logoHyperliquid$6.51 -0.00%-0.16% -0.01%— +0.007%— LS Chart →
Bybit logoBybit$6.50Variational logoVariational$6.50 -0.01%-0.17% -0.01%— -0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ENS price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · ENSUSDTPerpetual $6.50$6.50$6.50-0.08% +0.030%$2.21M
OKX logoOKXPerpetual · ENS-USDT-SWAPPerpetual $6.50$6.50$6.50-0.04% +0.006%$2.07M
Bitget logoBitgetPerpetual · ENSUSDTPerpetual $6.50$6.51$6.50-0.02% +0.030%$1.15M
Bybit logoBybitSpot · ENSUSDTSpot $6.51$6.51$6.51+0.10% —$673.5K
Hyperliquid logoHyperliquidPerpetual · ENSPerpetual $6.51$6.52$6.51+0.08% +0.030%$665.3K
OKX logoOKXSpot · ENS-USDTSpot $6.51$6.51$6.51+0.08% —$639.2K
MEXC logoMEXCPerpetual · ENS_USDTPerpetual $6.50$6.50$6.50-0.04% +0.021%$627.9K
KuCoin logoKuCoinPerpetual · ENSUSDTMPerpetual $6.50$6.51$6.50-0.04% +0.030%$324.7K
Bitget logoBitgetSpot · ENSUSDTSpot $6.51$6.52$6.51+0.13% —$148.3K
KuCoin logoKuCoinSpot · ENS-USDTSpot $6.51$6.51$6.51+0.02% —$77.9K
Gate logoGateSpot · ENS_USDTSpot $6.51$6.52$6.51+0.08% —$15.4K
Variational logoVariationalPerpetual · ENSPerpetual $6.50$6.51$6.50-0.02% +0.030%$989
Binance logoBinancePerpetual · ENSUSDTPerpetual $6.50$6.50$6.50-0.04% +0.021%—
Aster logoAsterPerpetual · ENSUSDTPerpetual $6.50$6.51$6.50-0.04% +0.023%—
Binance logoBinanceSpot · ENSUSDTSpot $6.51$6.52$6.52+0.15% ——
MEXC logoMEXCSpot · ENSUSDTSpot $6.51$6.52$6.51+0.12% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ENS arbitrage explained

Right now Ethereum Name Service (ENS) trades on 10 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $6.50 and the highest bid on Bitget spot at $6.51.

The widest ENS perpetual spread is between Bybit and Hyperliquid: long ENS on Bybit at $6.50 and short on Hyperliquid at $6.51 for +0.07% gross, or -0.09% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ENS route is to buy spot on KuCoin and short the perpetual on Hyperliquid: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.

Spot–spot ENS arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ENS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: ENS funding rates · ENS spread charts · Ethereum Name Service price · arbitrage scanner for all coins.

Is there a ENS arbitrage opportunity right now?

The best ENS route right now is to buy on Bybit → sell on Hyperliquid (Perp–Perp): +0.07% gross and -0.09% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ENS?

Bybit (perp) has the lowest ENS ask at $6.50, and Bitget (spot) the highest bid at $6.51. Prices update every 15 seconds on this page.

How many exchanges list ENS?

ArbiLayer tracks 16 ENS markets on 10 venues: 9 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage ENS without transferring coins?

Use two perpetual contracts: go long ENS on the cheaper exchange (Bybit now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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