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 0.000%

Price spread now: Binance against MEXC+0.045%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.045%, 7d avg +0.004%

Together, before fees−0.029%−$3 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: Binance is 0.041% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.6500	0.0100	pay 0.0100% / 8h	4h 18m	$5.6M	$714K	75x
Short	Binance ENSUSDT	6.6530	0.0100	get 0.0100% / 8h	4h 18m	$5.1M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.004%: $4.15
Slippage, 4 orders: −$29.84
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.69
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 7 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	1.50 bp	11.1 bp −$11	20.3 bp −$203	58.4 bp −$5,839	106.5 bp −$53.2K
Sell Binance live order book, 7 min ago	2.25 bp	13.3 bp −$13	31.1 bp −$311	226.3 bp −$22.6K	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	−0.0852%	1h	6.6486	−0.021%	$90K	$408K	20x	as long as short
Gate ENS_USDT	+0.0033%	8h	6.6490	−0.015%	$454K	$563K	75x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6503	+0.004%	$9K	$105K	10x	as long as short
Binance ENSUSDTshort	+0.0100%	8h	6.6530	+0.045%	$5.1M	$13.5M	75x
Bybit ENSUSDT	+0.0100%	8h	6.6440	−0.090%	$5.4M	$3.6M	75x	as long as short
OKX ENS-USDT-SWAP	+0.0100%	8h	6.6460	−0.060%	$2.3M	$3.3M	20x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.6500	long leg	$5.6M	$714K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.6540	+0.060%	$1.8M	$133K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6470	−0.045%	$2.9M	$1.2M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6500	0.000%	—	$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	+0.079%	$106K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6570	+0.105%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6491	−0.013%	$3K	$123K	10x	as long as short
BloFin ENS-USDT	+0.0107%	8h	6.6500	0.000%	$298K	$73K	20x	as long as short
Hyperliquid ENS	+0.0134%	1h	6.6628	+0.192%	$3.0M	$296K	5x	as long as short