Funding arb · Price arb /

ENS

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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 −0.008%

Price spread now: Bitget against MEXC+0.060%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.155%−$15 · spread now +0.060%, 7d avg −0.038%

Together, before fees−0.194%−$19 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: Bitget is 0.098% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.6900	0.0100	pay 0.0100% / 8h	6h 00m	$5.4M	$795K	75x
Short	Bitget ENSUSDT	6.6940	0.0100	get 0.0100% / 8h	6h 00m	$2.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.038%: $9.76
Slippage, 4 orders: −$38.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.54
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: 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, 2 min ago	1.49 bp	5.9 bp −$6	16.3 bp −$163	58.9 bp −$5,892	110.3 bp −$55.1K
Sell Bitget live order book, 2 min ago	5.97 bp	20.3 bp −$20	40.5 bp −$405	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	−0.0813%	1h	6.6842	−0.087%	$90K	$440K	20x	as long as short
OKX ENS-USDT-SWAP	+0.0077%	8h	6.6860	−0.060%	$2.3M	$3.4M	20x	as long as short
Hyperliquid ENS	+0.0100%	1h	6.7059	+0.238%	$3.1M	$305K	5x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.7022	+0.183%	$12K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6920	+0.030%	$5.2M	$13.8M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6850	−0.075%	$5.4M	$3.7M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6930	+0.045%	$455K	$573K	75x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.6900	long leg	$5.4M	$795K	75x
KuCoin ENSUSDTM	+0.0100%	8h	6.7030	+0.194%	$1.8M	$146K	50x	as long as short
Bitget ENSUSDTshort	+0.0100%	8h	6.6940	+0.060%	$2.9M	$1.3M	75x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENS-USDT	+0.0100%	8h	6.6880	−0.030%	—	$7.8M	—	as long as short
Variational Omni ENS	+0.0100%	8h	6.6913	+0.020%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.7090	+0.284%	$25K	$596K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6964	+0.096%	$6K	$113K	10x	as long as short