Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: MEXC against Extended+0.129%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.129%, 7d avg +0.030%

Together, before fees−0.107%+ Points / potential airdropExtended: Active · farm board−$11 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 0.099% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENS-USD	6.6424	0.0104	pay 0.0013% / 1h	48m 34s	$194	$107K	10x
Short	MEXC ENS_USDT	6.6510	0.0100	get 0.0100% / 8h	6h 48m	$5.4M	$775K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$0.84
Price spread: +0.129% → +0.030%: $9.94
Slippage, 4 orders: −$41.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$41.37
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Extended: live order book, 17 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 Extended live order book, 17 min ago	2.67 bp	20.4 bp −$20	164.8 bp −$1,648	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.75 bp	6.7 bp −$7	30.0 bp −$300	63.6 bp −$6,364	96.9 bp −$48.4K

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	−0.0817%	1h	6.6505	+0.121%	$87K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0066%	8h	6.6380	−0.067%	$2.3M	$3.5M	20x	as long as short
Variational Omni ENS	+0.0070%	8h	6.6365	−0.090%	$106K	$8K	—	as long as short
BloFin ENS-USDT	+0.0097%	8h	6.6560	+0.204%	$301K	$77K	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6583	+0.239%	$13K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6435	+0.016%	$5.1M	$14.2M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6390	−0.052%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6380	−0.067%	$458K	$565K	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.6510	+0.129%	$5.4M	$775K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6650	+0.340%	$1.8M	$144K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6440	+0.024%	$3.0M	$1.3M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6430	+0.009%	—	$7.8M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6430	+0.009%	$25K	$603K	50x	as long as short
Extended ENS-USDlong	+0.0104%	1h	6.6424	long leg	$194	$107K	10x
Hyperliquid ENS	+0.0218%	1h	6.6491	+0.100%	$3.0M	$355K	5x	as long as short