ArbiLayer

ENS arbitrage

live

Live Ethereum Name Service price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.11%Bybit → MEXC · Perp–Perp
Best perp–perp spread+0.05%Bybit → MEXC
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.18%$6.37 – $6.38

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitgetspot$6.38MEXC logoMEXC$6.38 -0.05%-0.25% -0.05%— -0.002%— LS Chart →
Bitget logoBitgetspot$6.38Hyperliquid logoHyperliquid$6.37 -0.05%-0.25% -0.05%— +0.030%— LS Chart →
Bybit logoBybitspot$6.38MEXC logoMEXC$6.38 -0.06%-0.26% -0.06%— -0.002%— LS Chart →
OKX logoOKXspot$6.38MEXC logoMEXC$6.38 -0.06%-0.26% -0.06%— -0.002%— LS Chart →
Bitget logoBitgetspot$6.38Binance logoBinance$6.37 -0.06%-0.26% -0.06%— -0.003%— LS Chart →
Bybit logoBybitspot$6.38Hyperliquid logoHyperliquid$6.37 -0.07%-0.27% -0.07%— +0.030%— LS Chart →
OKX logoOKXspot$6.38Hyperliquid logoHyperliquid$6.37 -0.07%-0.27% -0.07%— +0.030%— LS Chart →
Binance logoBinancespot$6.38MEXC logoMEXC$6.38 -0.08%-0.28% -0.08%— -0.002%— LS Chart →
Bybit logoBybitspot$6.38Binance logoBinance$6.37 -0.08%-0.28% -0.08%— -0.003%— LS Chart →
OKX logoOKXspot$6.38Binance logoBinance$6.37 -0.08%-0.28% -0.08%— -0.003%— LS Chart →
Binance logoBinancespot$6.38Hyperliquid logoHyperliquid$6.37 -0.08%-0.28% -0.08%— +0.030%— LS Chart →
Binance logoBinancespot$6.38Binance logoBinance$6.37 -0.09%-0.29% -0.09%— -0.003%— LS Chart →
Bitget logoBitgetspot$6.38OKX logoOKX$6.37 -0.09%-0.29% -0.11%— -0.046%— LS Chart →
Bitget logoBitgetspot$6.38KuCoin logoKuCoin$6.37 -0.09%-0.29% -0.09%— +0.004%— LS Chart →
MEXC logoMEXCspot$6.38MEXC logoMEXC$6.38 -0.11%-0.31% -0.11%— -0.002%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ENS price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · ENSUSDTPerpetual $6.37$6.37$6.37-0.06% +0.030%$2.12M
OKX logoOKXPerpetual · ENS-USDT-SWAPPerpetual $6.37$6.37$6.37-0.04% -0.046%$1.94M
Bitget logoBitgetPerpetual · ENSUSDTPerpetual $6.37$6.37$6.37-0.07% -0.002%$1.04M
Hyperliquid logoHyperliquidPerpetual · ENSPerpetual $6.37$6.38$6.38+0.07% +0.030%$758.3K
OKX logoOKXSpot · ENS-USDTSpot $6.38$6.38$6.38+0.03% —$694.9K
MEXC logoMEXCPerpetual · ENS_USDTPerpetual $6.38$6.38$6.38+0.01% -0.002%$588.0K
Bybit logoBybitSpot · ENSUSDTSpot $6.38$6.38$6.38+0.04% —$522.2K
Gate logoGatePerpetual · ENS_USDTPerpetual $6.37$6.38$6.37-0.03% +0.026%$396.1K
KuCoin logoKuCoinPerpetual · ENSUSDTMPerpetual $6.37$6.38$6.37-0.02% +0.004%$327.8K
Bitget logoBitgetSpot · ENSUSDTSpot $6.38$6.38$6.38+0.03% —$128.3K
KuCoin logoKuCoinSpot · ENS-USDTSpot $6.38$6.39$6.38+0.11% —$75.3K
Gate logoGateSpot · ENS_USDTSpot $6.38$6.38$6.38+0.07% —$20.6K
Variational logoVariationalPerpetual · ENSPerpetual $6.37$6.38$6.37-0.06% +0.030%$1.4K
Binance logoBinancePerpetual · ENSUSDTPerpetual $6.37$6.38$6.380.00% -0.003%—
Aster logoAsterPerpetual · ENSUSDTPerpetual $6.37$6.38$6.37-0.02% +0.001%—
Binance logoBinanceSpot · ENSUSDTSpot $6.37$6.38$6.380.00% ——
MEXC logoMEXCSpot · ENSUSDTSpot $6.37$6.38$6.38+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ENS arbitrage explained

Right now Ethereum Name Service (ENS) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $6.37 and the highest bid on KuCoin spot at $6.38.

The widest ENS perpetual spread is between Bybit and MEXC: long ENS on Bybit at $6.37 and short on MEXC at $6.38 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.032% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ENS route is to buy spot on Bitget and short the perpetual on MEXC: -0.05% gross, -0.25% net, with -0.002% a day of funding on the short leg.

Spot–spot ENS arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows -0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ENS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: ENS funding rates · ENS spread charts · Ethereum Name Service price · arbitrage scanner for all coins.

Is there a ENS arbitrage opportunity right now?

The best ENS route right now is to buy on Bybit → sell on MEXC (Perp–Perp): +0.05% gross and -0.11% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ENS?

Bybit (perp) has the lowest ENS ask at $6.37, and KuCoin (spot) the highest bid at $6.38. Prices update every 15 seconds on this page.

How many exchanges list ENS?

ArbiLayer tracks 17 ENS markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage ENS without transferring coins?

Use two perpetual contracts: go long ENS on the cheaper exchange (Bybit now) and short it on the more expensive one (MEXC), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

POWER +19.00%CRO +15.78%ESPORTS +9.66%FLYBRAIN +7.33%UAI +6.93%UPC +6.39%ONE +6.23%OPENAI +5.65%OURA +3.96%ANTHROPIC +3.40%EGLD +3.24%ZIL +3.05%CATE +2.91%SPCX +2.79%ZCAT +2.32%PENGSTOCK +2.14%BLAST +2.07%APPSTOCK +2.04%