Funding arb · Price arb /

ENS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against Bitget+0.061%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.061%, 7d avg +0.034%

Together, before fees+0.054%+$5 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: MEXC is 0.026% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENSUSDT	6.5840	0.0100	pay 0.0100% / 8h	7h 32m	$2.9M	$1.1M	75x
Short	MEXC ENS_USDT	6.5880	0.0100	get 0.0100% / 8h	7h 32m	$6.9M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.034%: $2.63
Slippage, 4 orders: −$38.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$52.06
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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 Bitget live order book, 5 min ago	4.53 bp	20.9 bp −$21	43.0 bp −$430	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.26 bp	9.5 bp −$10	18.3 bp −$183	60.1 bp −$6,006	108.7 bp −$54.4K

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	−0.0950%	1h	6.5818	−0.034%	$90K	$342K	20x	as long as short
Gate ENS_USDT	−0.0228%	8h	6.5880	+0.061%	$459K	$551K	75x	as long as short
OKX ENS-USDT-SWAP	−0.0019%	8h	6.5790	−0.076%	$2.3M	$3.2M	20x	as long as short
Bybit ENSUSDT	+0.0022%	8h	6.5820	−0.030%	$5.3M	$3.2M	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.5949	+0.166%	$3.0M	$291K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.5883	+0.066%	$7K	$102K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.5825	−0.023%	$5.1M	$13.2M	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.5880	+0.061%	$6.9M	$1.0M	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.5940	+0.152%	$1.7M	$119K	50x	as long as short
Bitget ENSUSDTlong	+0.0100%	8h	6.5840	long leg	$2.9M	$1.1M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.5820	−0.030%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6079	+0.363%	$108K	$17K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6240	+0.608%	$24K	$608K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.5892	+0.079%	$3K	$252K	10x	as long as short
BloFin ENS-USDT	+0.0128%	8h	6.5930	+0.137%	$291K	$75K	20x	as long as short