Funding arb · Price arb /

ENS

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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 +0.007%

Price spread now: MEXC against Bitget−0.164%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$510.515% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.336%+$34 · spread now −0.164%, 7d avg +0.040%

Together, before fees+0.375%+$37 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 0.204% cheaper against Bitget than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.6890	0.0100	pay 0.0100% / 8h	4h 28m	$2.9M	$1.2M	75x
Short	MEXC ENS_USDT	6.6780	0.0100	get 0.0100% / 8h	4h 28m	$5.7M	$712K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.164%Rate

Funding earned: $0
Price spread: −0.164% → +0.040%: −$20.4
Slippage, 4 orders: −$35.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$71.86
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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 Bitget live order book, 4 min ago	4.50 bp	22.5 bp −$23	57.0 bp −$570	doesn't fit	doesn't fit
Sell MEXC live order book, 4 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	−0.0848%	1h	6.6813	−0.115%	$90K	$409K	20x	as long as short
Gate ENS_USDT	+0.0006%	8h	6.6830	−0.090%	$456K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6940	+0.075%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6787	−0.154%	$5.2M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6800	−0.135%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6730	−0.239%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.6780	−0.164%	$5.7M	$712K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6970	+0.120%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDTlong	+0.0100%	8h	6.6890	long leg	$2.9M	$1.2M	75x
BingX ENS-USDT	+0.0100%	8h	6.6940	+0.075%	—	$7.8M	—	as long as short

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	−0.234%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6460	−0.643%	$25K	$599K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6796	−0.141%	$1K	$118K	10x	as long as short
BloFin ENS-USDT	+0.0108%	8h	6.6900	+0.015%	$300K	$74K	20x	as long as short
Hyperliquid ENS	+0.0189%	1h	6.6904	+0.021%	$3.0M	$298K	5x	as long as short