Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.002%

Price spread now: Extended against MEXC+0.020%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.020%, 7d avg −0.030%

Together, before fees−0.029%+ Points / potential airdropExtended: Active · farm board−$3 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: Extended is 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 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	MEXC ENS_USDT	6.7900	0.0077	pay 0.0077% / 8h	1h 10m	$5.6M	$866K	75x
Short	Extended ENS-USD	6.7914	0.0080	get 0.0010% / 1h	10m 29s	$1K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.63
Price spread: +0.020% → −0.030%: $5.04
Slippage, 4 orders: −$44.55
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$47.89
Costs to cover: 0.536%
Break-even: 539.1 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 6 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, 2 min ago	1.47 bp	9.6 bp −$10	38.3 bp −$383	66.6 bp −$6,663	113.9 bp −$57.0K
Sell Extended live order book, 6 min ago	1.70 bp	18.7 bp −$19	166.9 bp −$1,669	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	−0.2240%	1h	6.7895	−0.007%	$94K	$447K	20x	as long as short
Gate ENS_USDT	−0.0207%	8h	6.7950	+0.074%	$451K	$575K	75x	as long as short
Variational Omni ENS	−0.0120%	8h	6.7597	−0.447%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0085%	8h	6.7860	−0.059%	$2.4M	$3.4M	20x	as long as short
Bybit ENSUSDT	−0.0063%	8h	6.7870	−0.044%	$5.5M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0062%	8h	6.7990	+0.133%	$2.9M	$1.3M	75x	as long as short
Aster ENSUSDT	+0.0016%	8h	6.8024	+0.183%	$8K	$93K	10x	as long as short
BloFin ENS-USDT	+0.0049%	8h	6.8000	+0.147%	$313K	$73K	20x	as long as short
BingX ENS-USDT	+0.0075%	8h	6.7910	+0.015%	—	$3.7M	—	as long as short
MEXC ENS_USDTlong	+0.0077%	8h	6.7900	long leg	$5.6M	$866K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0079%	8h	6.7900	0.000%	$5.5M	$13.7M	75x	as long as short
Extended ENS-USDshort	+0.0080%	1h	6.7914	+0.020%	$1K	$181K	10x
Hyperliquid ENS	+0.0100%	1h	6.8039	+0.205%	$3.1M	$413K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.8020	+0.177%	$1.8M	$142K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7750	−0.221%	$24K	$607K	50x	as long as short