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 +0.022%

Price spread now: MEXC against Bybit+0.135%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.135%, 7d avg +0.074%

Together, before fees−0.088%−$9 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 0.062% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENSUSDT	6.6440	0.0100	pay 0.0100% / 8h	1h 49m	$5.4M	$3.4M	75x
Short	MEXC ENS_USDT	6.6530	0.0100	get 0.0100% / 8h	1h 49m	$6.1M	$870K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.074%: $6.17
Slippage, 4 orders: −$33.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$41.92
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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 Bybit live order book, 3 min ago	3.77 bp	17.3 bp −$17	53.7 bp −$537	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.51 bp	7.2 bp −$7	17.0 bp −$170	60.0 bp −$6,001	101.1 bp −$50.5K

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	−0.1061%	1h	6.6551	+0.168%	$91K	$371K	20x	as long as short
ApeX Omni ENSUSDT	−0.1060%	1h	6.6470	+0.045%	$24K	$605K	50x	as long as short
OKX ENS-USDT-SWAP	+0.0030%	8h	6.6440	0.000%	$2.3M	$3.4M	20x	as long as short
Gate ENS_USDT	+0.0057%	8h	6.6510	+0.105%	$462K	$572K	75x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6645	+0.309%	$3.0M	$294K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6463	+0.034%	$9K	$105K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6500	+0.090%	$5.1M	$13.6M	75x	as long as short
Bybit ENSUSDTlong	+0.0100%	8h	6.6440	long leg	$5.4M	$3.4M	75x
MEXC ENS_USDTshort	+0.0100%	8h	6.6530	+0.135%	$6.1M	$870K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6500	+0.090%	$1.8M	$119K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ENSUSDT	+0.0100%	8h	6.6500	+0.090%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6500	+0.090%	—	$7.5M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6399	−0.062%	$106K	$9K	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.6493	+0.079%	$3K	$258K	10x	as long as short
BloFin ENS-USDT	+0.0107%	8h	6.6460	+0.030%	$295K	$80K	20x	as long as short