Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.052%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.052%, 7d avg −0.004%

Together, before fees+0.033%+$3 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 0.048% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENSUSDT	6.5924	0.0100	pay 0.0100% / 8h	2h 21m	$5.1M	$13.6M	75x
Short	MEXC ENS_USDT	6.5890	0.0100	get 0.0100% / 8h	2h 21m	$6.1M	$870K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.004%: −$4.83
Slippage, 4 orders: −$29.91
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$48.74
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; MEXC: live order book, 1 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 Binance live order book, 4 min ago	0.76 bp	13.1 bp −$13	35.5 bp −$355	537.5 bp −$53.8K	doesn't fit
Sell MEXC live order book, 1 min ago	0.76 bp	5.0 bp −$5	27.3 bp −$273	61.0 bp −$6,104	104.8 bp −$52.4K

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	−0.1033%	1h	6.5826	−0.150%	$90K	$379K	20x	as long as short
Gate ENS_USDT	+0.0049%	8h	6.5760	−0.249%	$456K	$572K	75x	as long as short
OKX ENS-USDT-SWAP	+0.0070%	8h	6.5900	−0.037%	$2.3M	$3.4M	20x	as long as short
BloFin ENS-USDT	+0.0095%	8h	6.5480	−0.674%	$291K	$78K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.5812	−0.170%	$9K	$105K	10x	as long as short
Binance ENSUSDTlong	+0.0100%	8h	6.5924	long leg	$5.1M	$13.6M	75x
Bybit ENSUSDT	+0.0100%	8h	6.5810	−0.173%	$5.3M	$3.4M	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.5890	−0.052%	$6.1M	$870K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.5780	−0.219%	$1.7M	$119K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.5870	−0.082%	$2.9M	$1.2M	75x	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	6.5850	−0.113%	—	$7.7M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.5309	−0.933%	$104K	$9K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.5370	−0.841%	$24K	$606K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.5891	−0.051%	$637	$258K	10x	as long as short
Hyperliquid ENS	+0.0187%	1h	6.6027	+0.156%	$3.0M	$295K	5x	as long as short