Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: MEXC against ApeX Omni+0.251%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)−0.277%−$28 · spread now +0.251%, 7d avg −0.051%

Together, before fees−0.183%−$18 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: MEXC is 0.302% dearer against ApeX Omni than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENSUSDT	6.7720	0.0100	pay 0.0013% / 1h	57m 26s	$25K	$607K	50x
Short	MEXC ENS_USDT	6.7890	0.0100	get 0.0100% / 8h	7h 57m	$5.5M	$861K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → −0.051%: $30.16
Slippage, 4 orders: −$30.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$14.07
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 15 min ago; MEXC: live order book, 5 min ago.

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 ApeX Omni live order book, 15 min ago	6.67 bp	15.5 bp −$16	105.0 bp −$1,050	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.74 bp	5.6 bp −$6	17.7 bp −$177	60.6 bp −$6,058	100.0 bp −$50.0K

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	−0.1388%	1h	6.7734	+0.020%	$92K	$447K	20x	as long as short
Variational Omni ENS	−0.0046%	8h	6.7666	−0.080%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0036%	8h	6.7880	+0.236%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	+0.0014%	8h	6.7850	+0.192%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7853	+0.196%	$15K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7904	+0.271%	$5.5M	$14.0M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7810	+0.133%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.7790	+0.103%	$455K	$569K	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.7890	+0.251%	$5.5M	$861K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.7880	+0.236%	$1.8M	$136K	50x	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	6.7870	+0.222%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDTlong	+0.0100%	1h	6.7720	long leg	$25K	$607K	50x
Extended ENS-USD	+0.0104%	1h	6.7860	+0.207%	$1K	$176K	10x	as long as short
BloFin ENS-USDT	+0.0124%	8h	6.7830	+0.162%	$312K	$75K	20x	as long as short
Hyperliquid ENS	+0.0231%	1h	6.7978	+0.381%	$3.1M	$413K	5x	as long as short