Funding arb · Price arb /

ENS

all ENS markets

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 −0.002%

Price spread now: MEXC against KuCoin−0.149%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1091.092% of the position

Long on KuCoin 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+0.280%+$28 · spread now −0.149%, 7d avg −0.011%

Together, before fees+0.243%+$24 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 0.138% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENSUSDTM	6.7010	0.0100	pay 0.0100% / 8h	6h 56m	$1.8M	$118K	50x
Short	MEXC ENS_USDT	6.6910	0.0100	get 0.0100% / 8h	6h 56m	$6.9M	$971K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.011%: −$13.82
Slippage, 4 orders: −$93.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$122.98
Costs to cover: 1.092%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	9.70 bp	44.4 bp −$44	741.2 bp −$7,412	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.75 bp	6.5 bp −$7	25.7 bp −$257	64.9 bp −$6,490	111.8 bp −$55.9K

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	−0.0946%	1h	6.6981	−0.044%	$95K	$288K	20x	as long as short
OKX ENS-USDT-SWAP	−0.0008%	8h	6.6860	−0.224%	$2.3M	$3.2M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7052	+0.063%	$3.0M	$246K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6952	−0.087%	$8K	$125K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6889	−0.181%	$5.2M	$12.9M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6830	−0.269%	$5.4M	$3.1M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6940	−0.104%	$485K	$560K	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.6910	−0.149%	$6.9M	$971K	75x
KuCoin ENSUSDTMlong	+0.0100%	8h	6.7010	long leg	$1.8M	$118K	50x
Bitget ENSUSDT	+0.0100%	8h	6.6950	−0.090%	$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	6.7000	−0.015%	—	$11.3M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6953	−0.086%	$109K	$21K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6980	−0.045%	$24K	$606K	50x	as long as short
BloFin ENS-USDT	+0.0103%	8h	6.6860	−0.224%	$293K	$76K	20x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6871	−0.207%	$3K	$255K	10x	as long as short