Settings8H · net · $10k
Funding arb · Price arb /

ENS

all ENS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against MEXC+0.135%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$440.443% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 7 days+0.009%+$1 · spread now +0.135%, 7d avg +0.143%
Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ENS_USDT6.68900.0100pay 0.0100% / 8h5h 32m$5.4M$727K75x
ShortHyperliquid ENS6.69800.0100get 0.0013% / 1h32m 02s$3.0M$302K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.135% → +0.143%
−$0.82
Slippage, 4 orders
−$31.31
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$45.13
Costs to cover
0.443%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Hyperliquid: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.75 bp6.7 bp −$714.3 bp −$14351.7 bp −$5,16795.4 bp −$47.7K
Sell Hyperliquid live order book, 9 min ago1.50 bp12.6 bp −$13doesn't fitdoesn't fitdoesn't fit

ENS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ENSUSD−0.0933%1h6.6783−0.160%$90K$431K20xas long as short
Gate ENS_USDT+0.0063%8h6.6830−0.090%$455K$563K75xas long as short
Hyperliquid ENSshort+0.0100%1h6.6980+0.135%$3.0M$302K5x
Aster ENSUSDT+0.0100%8h6.6910+0.030%$10K$108K10xas long as short
Binance ENSUSDT+0.0100%8h6.6877−0.019%$5.2M$13.5M75xas long as short
Bybit ENSUSDT+0.0100%8h6.68900.000%$5.4M$3.6M75xas long as short
OKX ENS-USDT-SWAP+0.0100%8h6.6800−0.135%$2.3M$3.3M20xas long as short
MEXC ENS_USDTlong+0.0100%8h6.6890long leg$5.4M$727K75x
KuCoin ENSUSDTM+0.0100%8h6.6900+0.015%$1.8M$135K50xas long as short
Bitget ENSUSDT+0.0100%8h6.6860−0.045%$2.9M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ENS-USDT+0.0100%8h6.6880−0.015%$7.8Mas long as short
Variational Omni ENS+0.0100%8h6.6747−0.214%$106K$8Kas long as short
ApeX Omni ENSUSDT+0.0100%1h6.6810−0.120%$25K$598K50xas long as short
Extended ENS-USD+0.0104%1h6.6855−0.053%$893$111K10xas long as short
BloFin ENS-USDT+0.0124%8h6.6750−0.209%$302K$75K20xas long as short