Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: MEXC against Extended+0.001%7-day average +0.030% · 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−$55as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Extended Short on MEXC

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)−0.004%$0 · spread now +0.001%, 7d avg +0.030%

Together, before fees+0.008%+ Points / potential airdropExtended: Active · farm board+$1 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 0.029% cheaper against Extended than usual: you would sell low and buy high, −$3 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	Extended ENS-USD	6.7669	0.0056	pay 0.0007% / 1h	46m 47s	$1K	$181K	10x
Short	MEXC ENS_USDT	6.7670	0.0052	get 0.0052% / 8h	1h 46m	$5.5M	$832K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$0.84
Price spread: +0.001% → +0.030%: −$2.91
Slippage, 4 orders: −$42.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.6
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; MEXC: 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 Extended live order book, 35 min ago	3.09 bp	18.2 bp −$18	170.4 bp −$1,704	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.74 bp	7.1 bp −$7	16.9 bp −$169	54.1 bp −$5,414	97.1 bp −$48.6K

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	−0.2250%	1h	6.7595	−0.109%	$91K	$436K	20x	as long as short
Gate ENS_USDT	−0.0226%	8h	6.7600	−0.102%	$458K	$564K	75x	as long as short
Variational Omni ENS	−0.0134%	8h	6.7704	+0.052%	$111K	$6K	—	as long as short
Bybit ENSUSDT	−0.0076%	8h	6.7620	−0.073%	$5.4M	$3.8M	75x	as long as short
Bitget ENSUSDT	−0.0068%	8h	6.7610	−0.087%	$2.9M	$1.3M	75x	as long as short
OKX ENS-USDT-SWAP	−0.0058%	8h	6.7650	−0.028%	$2.4M	$3.4M	20x	as long as short
Aster ENSUSDT	−0.0013%	8h	6.7684	+0.022%	$8K	$89K	10x	as long as short
BingX ENS-USDT	+0.0051%	8h	6.7640	−0.043%	—	$3.7M	—	as long as short
BloFin ENS-USDT	+0.0052%	8h	6.7630	−0.058%	$308K	$73K	20x	as long as short
MEXC ENS_USDTshort	+0.0052%	8h	6.7670	+0.001%	$5.5M	$832K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENSUSDT	+0.0055%	8h	6.7678	+0.014%	$5.3M	$13.7M	75x	as long as short
Extended ENS-USDlong	+0.0056%	1h	6.7669	long leg	$1K	$181K	10x
Hyperliquid ENS	+0.0100%	1h	6.7831	+0.239%	$3.1M	$411K	5x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.7710	+0.060%	$1.8M	$139K	50x	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7780	+0.164%	$24K	$608K	50x	as long as short