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: KuCoin against MEXC−0.046%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1371.372% of the position

Long on MEXC Short on KuCoin

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−0.053%−$5 · spread now −0.046%, 7d avg +0.012%

Together, before fees−0.015%−$2 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: KuCoin is 0.058% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.5710	0.0100	pay 0.0100% / 8h	5h 26m	$6.8M	$926K	75x
Short	KuCoin ENSUSDTM	6.5680	0.0100	get 0.0100% / 8h	5h 26m	$1.7M	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.012%: −$5.79
Slippage, 4 orders: −$121.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$143.03
Costs to cover: 1.372%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	1.52 bp	10.1 bp −$10	33.4 bp −$334	60.9 bp −$6,094	100.8 bp −$50.4K
Sell KuCoin live order book, 2 min ago	7.61 bp	58.7 bp −$59	585.3 bp −$5,853	doesn't fit	doesn't fit

ENS on 15 exchanges

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	−0.0968%	1h	6.5636	−0.113%	$93K	$258K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0009%	8h	6.5650	−0.091%	$2.3M	$3.0M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.5778	+0.103%	$3.0M	$202K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.5703	−0.010%	$11K	$130K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.5693	−0.027%	$5.1M	$12.1M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.5650	−0.091%	$5.3M	$3.1M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.5700	−0.015%	$440K	$588K	75x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.5710	long leg	$6.8M	$926K	75x
KuCoin ENSUSDTMshort	+0.0100%	8h	6.5680	−0.046%	$1.7M	$118K	50x
Bitget ENSUSDT	+0.0100%	8h	6.5660	−0.076%	$2.9M	$1.2M	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.5670	−0.061%	—	$11.3M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.5705	−0.008%	$107K	$20K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.5680	−0.046%	$23K	$601K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.5663	−0.071%	$4K	$254K	10x	as long as short
BloFin ENS-USDT	+0.0122%	8h	6.5690	−0.030%	$293K	$75K	20x	as long as short