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-0.07%Variational → Hyperliquid · Perp–Perp
Best perp–perp spread+0.09%Variational → Hyperliquid
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.30%$6.52 – $6.54

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoinspot$6.53Bitget logoBitgetspot$6.54 +0.05%-0.15% +0.05%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$6.53OKX logoOKXspot$6.53 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Bybit logoBybitspot$6.54Bitget logoBitgetspot$6.54 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$6.53Bybit logoBybitspot$6.53 0.00%-0.20% 0.00%— 0.000%— LS Chart →
OKX logoOKXspot$6.54Bitget logoBitgetspot$6.54 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
Bybit logoBybitspot$6.54OKX logoOKXspot$6.53 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$6.53Binance logoBinancespot$6.53 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Binance logoBinancespot$6.54Bitget logoBitgetspot$6.54 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Bitget logoBitgetspot$6.54OKX logoOKXspot$6.53 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
OKX logoOKXspot$6.54Bybit logoBybitspot$6.53 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$6.53MEXC logoMEXCspot$6.53 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Bitget logoBitgetspot$6.54Bybit logoBybitspot$6.53 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$6.54Bitget logoBitgetspot$6.54 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Binance logoBinancespot$6.54OKX logoOKXspot$6.53 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Bybit logoBybitspot$6.54Binance logoBinancespot$6.53 -0.09%-0.29% -0.09%— 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 $6.52$6.52$6.52-0.08% +0.030%$2.27M
OKX logoOKXPerpetual · ENS-USDT-SWAPPerpetual $6.53$6.53$6.53-0.01% -0.034%$2.10M
Bitget logoBitgetPerpetual · ENSUSDTPerpetual $6.53$6.53$6.530.00% +0.030%$1.13M
OKX logoOKXSpot · ENS-USDTSpot $6.53$6.54$6.54+0.12% —$680.5K
Bybit logoBybitSpot · ENSUSDTSpot $6.53$6.54$6.53+0.11% —$676.9K
Hyperliquid logoHyperliquidPerpetual · ENSPerpetual $6.53$6.54$6.53+0.10% +0.030%$665.5K
MEXC logoMEXCPerpetual · ENS_USDTPerpetual $6.53$6.53$6.53-0.03% -0.051%$616.5K
Gate logoGatePerpetual · ENS_USDTPerpetual $6.52$6.53$6.52-0.05% +0.030%$349.0K
KuCoin logoKuCoinPerpetual · ENSUSDTMPerpetual $6.52$6.52$6.52-0.08% +0.025%$328.8K
Bitget logoBitgetSpot · ENSUSDTSpot $6.54$6.54$6.54+0.15% —$149.2K
KuCoin logoKuCoinSpot · ENS-USDTSpot $6.53$6.53$6.53+0.05% —$76.4K
Gate logoGateSpot · ENS_USDTSpot $6.53$6.54$6.54+0.11% —$16.3K
Variational logoVariationalPerpetual · ENSPerpetual $6.51$6.52$6.52-0.15% +0.019%$1.2K
Binance logoBinancePerpetual · ENSUSDTPerpetual $6.53$6.53$6.53-0.02% -0.052%—
Aster logoAsterPerpetual · ENSUSDTPerpetual $6.52$6.53$6.53-0.03% -0.051%—
Binance logoBinanceSpot · ENSUSDTSpot $6.53$6.54$6.54+0.11% ——
MEXC logoMEXCSpot · ENSUSDTSpot $6.53$6.54$6.54+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: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $6.52 and the highest bid on Bitget spot at $6.54.

The widest ENS perpetual spread is between Variational and Hyperliquid: long ENS on Variational at $6.52 and short on Hyperliquid at $6.53 for +0.09% gross, or -0.07% 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 +0.011% 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: -0.08% gross, -0.28% 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 Variational → sell on Hyperliquid (Perp–Perp): +0.09% gross and -0.07% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ENS?

Variational (perp) has the lowest ENS ask at $6.52, and Bitget (spot) the highest bid at $6.54. Prices update every 15 seconds on this page.

How many exchanges list ENS?

ArbiLayer tracks 17 ENS markets on 10 venues: 10 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 (Variational 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

CRO +18.98%BDX +7.10%ONE +6.76%BLAST +5.84%ESPORTS +5.70%OPENAI +5.25%SPCX +3.67%FLYBRAIN +3.61%AI +3.53%ANTHROPIC +3.47%OURA +3.42%H100 +3.40%ZIL +3.11%EGLD +2.69%CATE +2.55%APPSTOCK +2.22%PENGSTOCK +1.67%STAR +1.62%