Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2309%/8h= +252.9% APRpaid last 24h +0.165%

Price spread now: MEXC against Kraken Futures−0.131%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$740.743% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−1.870%−$187 on $10k

Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.131%, 7d avg −0.058%

Together, before fees−1.662%−$166 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.058%). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$69 a day). Mind the row above: over the last 7 days funding on this pair cost −1.870%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENSUSD	6.7589	−0.2250	get 0.0281% / 1h	25m 17s	$91K	$435K	20x
Short	MEXC ENS_USDT	6.7500	0.0059	get 0.0059% / 8h	1h 25m	$5.6M	$849K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.131%Rate

Funding earned: $484.99
Price spread: −0.131% → −0.058%: −$7.34
Slippage, 4 orders: −$60.33
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $403.32
Costs to cover: 0.743%
Break-even: 1.2 days

Slippage from Kraken Futures: live order book, 58 min ago; MEXC: live order book, 2 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 Kraken Futures live order book, 58 min ago	19.86 bp	27.5 bp −$28	603.4 bp −$6,034	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.74 bp	5.8 bp −$6	18.7 bp −$187	60.8 bp −$6,081	105.5 bp −$52.8K

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_ENSUSDlong	−0.2250%	1h	6.7589	long leg	$91K	$435K	20x
Gate ENS_USDT	−0.0227%	8h	6.7430	−0.235%	$458K	$565K	75x	as long as short
Variational Omni ENS	−0.0130%	8h	6.7427	−0.240%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0088%	8h	6.7500	−0.131%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0082%	8h	6.7550	−0.057%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0076%	8h	6.7560	−0.042%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	−0.0007%	8h	6.7539	−0.073%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0054%	8h	6.7550	−0.057%	—	$3.7M	—	as long as short
Extended ENS-USD	+0.0056%	1h	6.7607	+0.027%	$1K	$181K	10x	as long as short
MEXC ENS_USDTshort	+0.0059%	8h	6.7500	−0.131%	$5.6M	$849K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0059%	8h	6.7620	+0.046%	$5.3M	$13.4M	75x	as long as short
BloFin ENS-USDT	+0.0089%	8h	6.7590	+0.002%	$310K	$73K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7662	+0.108%	$3.1M	$411K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7520	−0.102%	$1.8M	$135K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7500	−0.131%	$24K	$606K	50x	as long as short