ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.51 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against MEXC−0.074%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.074%, 7d avg −0.038%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.036% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.7670	0.0035	pay 0.0035% / 8h	2h 49m	$5.5M	$817K	75x
Short	Bitget ENSUSDT	6.7620	−0.0016	pay 0.0016% / 8h	2h 49m	$2.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$10.71
Price spread: −0.074% → −0.038%: −$3.56
Slippage, 4 orders: −$34.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.48
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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 MEXC live order book, 3 min ago	0.74 bp	6.7 bp −$7	14.3 bp −$143	58.8 bp −$5,882	99.3 bp −$49.7K
Sell Bitget live order book, 3 min ago	2.22 bp	18.9 bp −$19	45.6 bp −$456	doesn't fit	doesn't fit

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	−0.2141%	1h	6.7606	−0.095%	$92K	$436K	20x	as long as short
Gate ENS_USDT	−0.0256%	8h	6.7710	+0.059%	$460K	$576K	75x	as long as short
Variational Omni ENS	−0.0161%	8h	6.7510	−0.236%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0146%	8h	6.7560	−0.163%	$5.4M	$3.8M	75x	as long as short
ApeX Omni ENSUSDT	−0.0064%	1h	6.7710	+0.059%	$24K	$614K	50x	as long as short
OKX ENS-USDT-SWAP	−0.0053%	8h	6.7580	−0.133%	$2.4M	$3.5M	20x	as long as short
Aster ENSUSDT	−0.0037%	8h	6.7692	+0.032%	$9K	$87K	10x	as long as short
Bitget ENSUSDTshort	−0.0016%	8h	6.7620	−0.074%	$2.9M	$1.3M	75x
MEXC ENS_USDTlong	+0.0035%	8h	6.7670	long leg	$5.5M	$817K	75x
Binance ENSUSDT	+0.0036%	8h	6.7679	+0.014%	$5.3M	$13.9M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENS-USD	+0.0040%	1h	6.7659	−0.016%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0043%	8h	6.7600	−0.103%	$312K	$73K	20x	as long as short
BingX ENS-USDT	+0.0049%	8h	6.7560	−0.163%	—	$3.9M	—	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7823	+0.226%	$3.1M	$415K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7700	+0.044%	$1.8M	$140K	50x	as long as short