ENS arbitrage between HyperLiquid and OKX: we compare the price of ENS on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Ethereum Name Service

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses. ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.…

NFT, Ethereum Ecosystem, Decentralized Identifier (DID), Name Service

ENS: OKX — deposit open, withdrawal open.

Open interest in ENS right now — $15.0M: Binance $3.7M, Bybit $3.4M, BingX $2.1M, KuCoin $1.9M, Bitget $1.5M. See OI ENS.

News about ENS

About ENS arbitrage

How do I read the ENS spread?

The spread is how many percent higher ENS trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ENS alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.