ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.027%

Price spread now: Gate against MEXC−0.195%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.195%, 7d avg −0.045%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.149% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.6700	0.0100	pay 0.0100% / 8h	4h 17m	$5.6M	$737K	75x
Short	Gate ENS_USDT	6.6570	0.0037	get 0.0037% / 8h	4h 17m	$454K	$563K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.195%Rate

Funding earned: −$13.23
Price spread: −0.195% → −0.045%: −$14.94
Slippage, 4 orders: −$55.7
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.88
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 39 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 MEXC live order book, 1 min ago	1.50 bp	8.4 bp −$8	17.6 bp −$176	58.7 bp −$5,870	103.9 bp −$52.0K
Sell Gate live order book, 39 min ago	6.77 bp	31.8 bp −$32	131.5 bp −$1,315	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	−0.0850%	1h	6.6641	−0.088%	$90K	$409K	20x	as long as short
Gate ENS_USDTshort	+0.0037%	8h	6.6570	−0.195%	$454K	$563K	75x
Aster ENSUSDT	+0.0100%	8h	6.6598	−0.153%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6695	−0.008%	$5.1M	$13.5M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6600	−0.150%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6680	−0.030%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.6700	long leg	$5.6M	$737K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6620	−0.120%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6610	−0.135%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6610	−0.135%	—	$7.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6553	−0.221%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6590	−0.165%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6676	−0.035%	$3K	$123K	10x	as long as short
BloFin ENS-USDT	+0.0122%	8h	6.6710	+0.015%	$299K	$73K	20x	as long as short
Hyperliquid ENS	+0.0138%	1h	6.6829	+0.193%	$3.0M	$296K	5x	as long as short