ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0109%/8h= −12.0% APRnext payment −$1.09 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against MEXC−0.118%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.118%, 7d avg −0.073%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.045% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENS_USDT	6.7550	0.0100	pay 0.0100% / 8h	21m 28s	$5.5M	$861K	75x
Short	Bybit ENSUSDT	6.7470	−0.0009	pay 0.0009% / 8h	21m 28s	$5.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$22.96
Price spread: −0.118% → −0.073%: −$4.54
Slippage, 4 orders: −$32.56
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.07
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	0.74 bp	8.9 bp −$9	28.1 bp −$281	66.2 bp −$6,619	109.7 bp −$54.9K
Sell Bybit live order book, 1 min ago	3.70 bp	16.3 bp −$16	53.4 bp −$534	doesn't fit	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	−0.1945%	1h	6.7489	−0.091%	$92K	$447K	20x	as long as short
Gate ENS_USDT	−0.0231%	8h	6.7400	−0.222%	$458K	$585K	75x	as long as short
Variational Omni ENS	−0.0085%	8h	6.7417	−0.197%	$111K	$5K	—	as long as short
OKX ENS-USDT-SWAP	−0.0071%	8h	6.7500	−0.074%	$2.4M	$3.4M	20x	as long as short
Bitget ENSUSDT	−0.0025%	8h	6.7480	−0.104%	$2.9M	$1.3M	75x	as long as short
Bybit ENSUSDTshort	−0.0009%	8h	6.7470	−0.118%	$5.4M	$3.8M	75x
ApeX Omni ENSUSDT	−0.0007%	1h	6.7370	−0.266%	$24K	$608K	50x	as long as short
Aster ENSUSDT	+0.0041%	8h	6.7513	−0.055%	$15K	$102K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.7530	−0.030%	$5.4M	$14.0M	75x	as long as short
MEXC ENS_USDTlong	+0.0100%	8h	6.7550	long leg	$5.5M	$861K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ENSUSDTM	+0.0100%	8h	6.7510	−0.059%	$1.8M	$138K	50x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.7470	−0.118%	—	$8.1M	—	as long as short
Extended ENS-USD	+0.0104%	1h	6.7508	−0.063%	$1K	$181K	10x	as long as short
BloFin ENS-USDT	+0.0126%	8h	6.7480	−0.104%	$316K	$74K	20x	as long as short
Hyperliquid ENS	+0.0306%	1h	6.7726	+0.261%	$3.1M	$412K	5x	as long as short