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

ENSO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.5% APRnext payment $0.25 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against Aster−0.123%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.123% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ENSOUSDT1.00950.0100pay 0.0050% / 4h2h 06m$64K$4K5x
ShortOKX ENSO-USDT-SWAP1.00830.0049get 0.0025% / 4h2h 06m$984K$2.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Aster. 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
−$10.63
Price spread: −0.123% → 0.000%
−$12.27
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$40.89
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell OKX live order book, 5 min ago3.96 bp19.2 bp −$19122.4 bp −$1,224doesn't fitdoesn't fit
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENSO on 10 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
OKX ENSO-USDT-SWAPshort+0.0049%4h1.0083−0.123%$984K$2.4M50x
Aster ENSOUSDTlong+0.0100%4h1.0095long leg$64K$4K5x
Binance ENSOUSDT+0.0100%4h1.0103+0.072%$5.6M$7.2M50xas long as short
Bybit ENSOUSDT+0.0100%4h1.0099+0.036%$1.8M$1.4M25xas long as short
Gate ENSO_USDT+0.0100%4h1.0085−0.103%$317K$103K25xas long as short
MEXC ENSO_USDT+0.0100%4h1.0092−0.034%$665K$199K20xas long as short
KuCoin ENSOUSDTM+0.0100%4h1.0094−0.014%$940K$63K30xas long as short
Bitget ENSOUSDT+0.0100%4h1.0093−0.024%$842K$790K25xas long as short
BingX ENSO-USDT+0.0100%4h1.0097+0.016%$6.6Mas long as short
Variational Omni ENSO+0.0100%4h1.0122+0.266%$29K$31Kas long as short