Funding arb · Price arb /

ENS

all ENS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: ApeX Omni against MEXC+0.255%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now +0.255%, 7d avg +0.054%

Together, before fees+0.142%+$14 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: ApeX Omni is 0.201% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.6610	0.0100	pay 0.0100% / 8h	6h 17m	$5.4M	$783K	75x
Short	ApeX Omni ENSUSDT	6.6780	0.0100	get 0.0013% / 1h	17m 09s	$25K	$596K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → +0.054%: $20.08
Slippage, 4 orders: −$28.94
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.86
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 51 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, 5 min ago	1.50 bp	7.7 bp −$8	31.8 bp −$318	65.5 bp −$6,548	106.8 bp −$53.4K
Sell ApeX Omni live order book, 51 min ago	5.90 bp	13.5 bp −$13	90.4 bp −$904	doesn't fit	doesn't fit

ENS on 14 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	−0.0815%	1h	6.6689	+0.119%	$89K	$447K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0087%	8h	6.6630	+0.030%	$2.3M	$3.5M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.6784	+0.261%	$3.0M	$310K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6744	+0.202%	$10K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6650	+0.060%	$5.2M	$14.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6580	−0.045%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6640	+0.045%	$452K	$572K	75x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.6610	long leg	$5.4M	$783K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6810	+0.300%	$1.8M	$151K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6670	+0.090%	$2.9M	$1.4M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6640	+0.045%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6793	+0.274%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDTshort	+0.0100%	1h	6.6780	+0.255%	$25K	$596K	50x
Extended ENS-USD	+0.0104%	1h	6.6680	+0.105%	$6K	$113K	10x	as long as short