ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0300%/8h= −32.8% APRnext payment −$3.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.104%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$690.685% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.104%, 7d avg −0.044%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.059% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.7520	0.0100	pay 0.0100% / 8h	7m 39s	$5.5M	$869K	75x
Short	Gate ENS_USDT	6.7450	−0.0200	pay 0.0200% / 8h	7m 39s	$457K	$587K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.104%Rate

Funding earned: −$63
Price spread: −0.104% → −0.044%: −$5.92
Slippage, 4 orders: −$49.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$137.43
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	1.48 bp	8.2 bp −$8	34.2 bp −$342	69.7 bp −$6,968	114.4 bp −$57.2K
Sell Gate live order book, 4 min ago	6.67 bp	25.6 bp −$26	115.2 bp −$1,152	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	−0.1944%	1h	6.7509	−0.016%	$92K	$447K	20x	as long as short
Gate ENS_USDTshort	−0.0200%	8h	6.7450	−0.104%	$457K	$587K	75x
Variational Omni ENS	−0.0065%	8h	6.7355	−0.244%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0059%	8h	6.7470	−0.074%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0004%	8h	6.7500	−0.030%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	+0.0012%	8h	6.7490	−0.044%	$5.4M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0070%	8h	6.7534	+0.020%	$15K	$102K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7523	+0.004%	$5.4M	$14.0M	75x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.7520	long leg	$5.5M	$869K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.7550	+0.044%	$1.8M	$136K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.7490	−0.044%	—	$8.1M	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7540	+0.030%	$24K	$607K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.7520	0.000%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0124%	8h	6.7590	+0.104%	$311K	$75K	20x	as long as short
Hyperliquid ENS	+0.0382%	1h	6.7676	+0.231%	$3.1M	$413K	5x	as long as short