Funding arb · Price arb /

ENS

all ENS markets

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: MEXC against Bybit+0.106%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on Bybit Short on MEXC

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−0.029%−$3 · spread now +0.106%, 7d avg +0.074%

Together, before fees−0.038%−$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: MEXC is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.6130	0.0100	pay 0.0100% / 8h	35m 54s	$5.4M	$3.3M	75x
Short	MEXC ENS_USDT	6.6200	0.0100	get 0.0100% / 8h	35m 54s	$6.9M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.074%: $3.21
Slippage, 4 orders: −$43.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.69
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: 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 Bybit live order book, 2 min ago	3.02 bp	17.5 bp −$18	53.7 bp −$537	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.26 bp	10.0 bp −$10	24.8 bp −$248	59.4 bp −$5,942	105.7 bp −$52.9K

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	−0.1034%	1h	6.6137	+0.011%	$90K	$355K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0021%	8h	6.6130	0.000%	$2.3M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6327	+0.298%	$3.0M	$292K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6268	+0.209%	$9K	$104K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6200	+0.106%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDTlong	+0.0100%	8h	6.6130	long leg	$5.4M	$3.3M	75x
Gate ENS_USDT	+0.0100%	8h	6.6230	+0.151%	$461K	$570K	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.6200	+0.106%	$6.9M	$1.0M	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6260	+0.197%	$1.7M	$118K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6210	+0.121%	$2.9M	$1.2M	75x	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	6.6170	+0.060%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6112	−0.027%	$108K	$13K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6650	+0.786%	$24K	$608K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6176	+0.069%	$2K	$250K	10x	as long as short
BloFin ENS-USDT	+0.0120%	8h	6.6310	+0.272%	$292K	$77K	20x	as long as short