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 −0.022%

Price spread now: Bybit against MEXC0.000%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.047%−$5 · spread now 0.000%, 7d avg −0.073%

Together, before fees−0.039%−$4 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: Bybit is 0.073% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.6790	0.0100	pay 0.0100% / 8h	5h 41m	$5.4M	$726K	75x
Short	Bybit ENSUSDT	6.6790	0.0100	get 0.0100% / 8h	5h 41m	$5.4M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.073%: $7.29
Slippage, 4 orders: −$41.91
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.61
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	0.75 bp	6.5 bp −$7	22.8 bp −$228	65.2 bp −$6,517	113.7 bp −$56.9K
Sell Bybit live order book, 1 min ago	4.50 bp	19.4 bp −$19	45.1 bp −$451	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	−0.0934%	1h	6.6740	−0.075%	$89K	$432K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0084%	8h	6.6570	−0.329%	$2.3M	$3.3M	20x	as long as short
Gate ENS_USDT	+0.0089%	8h	6.6690	−0.150%	$454K	$563K	75x	as long as short
BloFin ENS-USDT	+0.0093%	8h	6.6850	+0.090%	$303K	$76K	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6884	+0.141%	$3.0M	$303K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6829	+0.059%	$10K	$108K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6756	−0.051%	$5.2M	$13.6M	75x	as long as short
Bybit ENSUSDTshort	+0.0100%	8h	6.6790	0.000%	$5.4M	$3.7M	75x
MEXC ENS_USDTlong	+0.0100%	8h	6.6790	long leg	$5.4M	$726K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6760	−0.045%	$1.8M	$139K	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	6.6780	−0.015%	$2.9M	$1.3M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6740	−0.075%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6463	−0.489%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6600	−0.284%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6751	−0.058%	$888	$114K	10x	as long as short