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 −0.002%

Price spread now: MEXC against BingX−0.045%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.045%, 7d avg +0.034%

Together, before fees+0.055%+$6 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 0.079% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.6760	0.0100	pay 0.0100% / 8h	4h 27m	—	$7.8M	—
Short	MEXC ENS_USDT	6.6730	0.0100	get 0.0100% / 8h	4h 27m	$5.7M	$713K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.034%: −$7.9
Slippage, 4 orders: −$39.28
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.17
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from BingX: live order book, 10 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 BingX live order book, 10 min ago	4.52 bp	18.8 bp −$19	36.1 bp −$361	264.2 bp −$26.4K	471.9 bp −$235.9K
Sell MEXC live order book, 5 min ago	2.25 bp	9.0 bp −$9	22.6 bp −$226	61.0 bp −$6,103	104.3 bp −$52.2K

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	−0.0849%	1h	6.6697	−0.095%	$90K	$408K	20x	as long as short
Gate ENS_USDT	+0.0015%	8h	6.6730	−0.045%	$456K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6784	+0.035%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6760	0.000%	$5.2M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6670	−0.135%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6730	−0.045%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.6730	−0.045%	$5.7M	$713K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6810	+0.075%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6750	−0.015%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDTlong	+0.0100%	8h	6.6760	long leg	—	$7.8M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6733	−0.040%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6460	−0.449%	$25K	$599K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6742	−0.028%	$1K	$118K	10x	as long as short
BloFin ENS-USDT	+0.0108%	8h	6.6900	+0.210%	$300K	$74K	20x	as long as short
Hyperliquid ENS	+0.0173%	1h	6.6832	+0.108%	$3.0M	$298K	5x	as long as short