ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$2.08 per $10,000 · paid last 24h −0.034%

Price spread now: Variational Omni against MEXC−0.512%7-day average −0.074% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.529%+$53 · spread now −0.512%, 7d avg −0.074%

Together, before fees+0.486%+ Points / potential airdropVariational Omni: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.438% cheaper against MEXC than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.044% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.08 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	6.8230	0.0095	pay 0.0095% / 8h	56m 31s	$5.6M	$851K	75x
Short	Variational Omni ENS	6.7881	−0.0113	pay 0.0113% / 8h	56m 31s	$112K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.512%Rate

Funding earned: −$43.7
Price spread: −0.512% → −0.074%: −$43.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$91.46
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; Variational Omni: RFQ quote, 22 min ago. Net counts fees only.

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	0.74 bp	5.8 bp −$6	20.9 bp −$209	62.5 bp −$6,250	110.5 bp −$55.3K
Sell Variational Omni RFQ quote, 22 min ago	7.14 bp	doesn't fit	36.7 bp −$367	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	−0.1927%	1h	6.8108	−0.179%	$94K	$447K	20x	as long as short
Gate ENS_USDT	−0.0189%	8h	6.8090	−0.205%	$449K	$573K	75x	as long as short
Variational Omni ENSshort	−0.0113%	8h	6.7881	−0.512%	$112K	$5K	—
OKX ENS-USDT-SWAP	−0.0068%	8h	6.8140	−0.132%	$2.4M	$3.5M	20x	as long as short
Bitget ENSUSDT	−0.0045%	8h	6.8170	−0.088%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDT	−0.0040%	8h	6.8130	−0.147%	$5.5M	$3.8M	75x	as long as short
Aster ENSUSDT	+0.0033%	8h	6.8144	−0.126%	$13K	$94K	10x	as long as short
BingX ENS-USDT	+0.0093%	8h	6.8130	−0.147%	—	$3.6M	—	as long as short
MEXC ENS_USDTlong	+0.0095%	8h	6.8230	long leg	$5.6M	$851K	75x
Extended ENS-USD	+0.0096%	1h	6.8186	−0.064%	$1K	$181K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENS-USDT	+0.0096%	8h	6.8150	−0.117%	$315K	$75K	20x	as long as short
Binance ENSUSDT	+0.0099%	8h	6.8190	−0.059%	$5.5M	$13.7M	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.8170	−0.088%	$1.8M	$138K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.8060	−0.249%	$24K	$609K	50x	as long as short
Hyperliquid ENS	+0.0301%	1h	6.8360	+0.191%	$3.1M	$413K	5x	as long as short