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 −0.002%

Price spread now: MEXC against BingX−0.015%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.015%, 7d avg +0.034%

Together, before fees+0.023%+$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: MEXC is 0.049% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENS-USDT	6.6500	0.0100	pay 0.0100% / 8h	3h 25m	—	$7.7M	—
Short	MEXC ENS_USDT	6.6490	0.0100	get 0.0100% / 8h	3h 25m	$5.9M	$755K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.034%: −$4.86
Slippage, 4 orders: −$30.49
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$49.35
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; MEXC: 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 BingX live order book, 13 min ago	4.50 bp	15.8 bp −$16	34.3 bp −$343	254.2 bp −$25.4K	462.6 bp −$231.3K
Sell MEXC live order book, 2 min ago	0.75 bp	6.5 bp −$6	18.8 bp −$188	56.8 bp −$5,683	102.1 bp −$51.1K

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	−0.0676%	1h	6.6397	−0.155%	$90K	$394K	20x	as long as short
ApeX Omni ENSUSDT	−0.0105%	1h	6.6590	+0.135%	$25K	$600K	50x	as long as short
Gate ENS_USDT	+0.0071%	8h	6.6520	+0.030%	$455K	$561K	75x	as long as short
BloFin ENS-USDT	+0.0074%	8h	6.6510	+0.015%	$297K	$74K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0091%	8h	6.6420	−0.120%	$2.4M	$3.3M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6614	+0.171%	$3.0M	$293K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6510	+0.015%	$9K	$103K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6490	−0.015%	$5.1M	$13.4M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6400	−0.150%	$5.4M	$3.4M	75x	as long as short
MEXC ENS_USDTshort	+0.0100%	8h	6.6490	−0.015%	$5.9M	$755K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.6540	+0.060%	$1.8M	$126K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6490	−0.015%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDTlong	+0.0100%	8h	6.6500	long leg	—	$7.7M	—
Variational Omni ENS	+0.0100%	8h	6.6403	−0.146%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6461	−0.059%	$2K	$120K	10x	as long as short