Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against KuCoin+0.075%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on KuCoin 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+0.056%+$6 · spread now +0.075%, 7d avg −0.011%

Together, before fees+0.019%+$2 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 0.086% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.7050	0.0100	pay 0.0100% / 8h	7h 00m	$1.8M	$118K	50x
Short	MEXC ENS_USDT	6.7100	0.0100	get 0.0100% / 8h	7h 00m	$7.0M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.011%: $8.56
Slippage, 4 orders: −$94.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$102.34
Costs to cover: 1.109%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	9.70 bp	44.4 bp −$44	741.2 bp −$7,412	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.75 bp	6.5 bp −$7	12.7 bp −$127	52.0 bp −$5,201	92.2 bp −$46.1K

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	−0.0933%	1h	6.7021	−0.043%	$95K	$342K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0001%	8h	6.7070	+0.030%	$2.3M	$3.3M	20x	as long as short
BloFin ENS-USDT	+0.0083%	8h	6.7030	−0.030%	$294K	$76K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7248	+0.295%	$3.1M	$245K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7059	+0.013%	$8K	$125K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7106	+0.084%	$5.2M	$13.0M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.7070	+0.030%	$5.5M	$3.2M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.7000	−0.075%	$486K	$591K	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.7100	+0.075%	$7.0M	$1.0M	75x
KuCoin ENSUSDTMlong	+0.0100%	8h	6.7050	long leg	$1.8M	$118K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.7060	+0.015%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7020	−0.045%	—	$11.3M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6953	−0.145%	$109K	$21K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6950	−0.149%	$24K	$605K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7040	−0.015%	$417	$252K	10x	as long as short