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

ENSO

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SwapBacktest
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 0.000%
Price spread now: BingX against Binance−0.071%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.119%+$12 · spread now −0.071%, 7d avg +0.022%
Together, before fees+0.119%+$12 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: BingX is 0.093% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ENSOUSDT1.00510.0100pay 0.0050% / 4h2h 39m$5.6M$5.8M50x
ShortBingX ENSO-USDT1.00440.0100get 0.0050% / 4h2h 39m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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: −0.071% → +0.022%
−$9.28
Slippage, 4 orders
−$80.21
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$109.49
Costs to cover
1.002%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; BingX: live order book, 7 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 Binance live order book, 13 min ago0.99 bp24.8 bp −$25154.6 bp −$1,546doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago5.47 bp25.9 bp −$2686.2 bp −$862868.5 bp −$86.9K1292.1 bp −$646.1K

ENSO on 11 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
Aster ENSOUSDT+0.0100%4h1.0055+0.040%$64K$3K5xas long as short
Binance ENSOUSDTlong+0.0100%4h1.0051long leg$5.6M$5.8M50x
Bybit ENSOUSDT+0.0100%4h1.0043−0.081%$1.7M$1.2M25xas long as short
OKX ENSO-USDT-SWAP+0.0100%4h1.0036−0.150%$955K$1.8M50xas long as short
Gate ENSO_USDT+0.0100%4h1.0048−0.031%$316K$63K25xas long as short
MEXC ENSO_USDT+0.0100%4h1.0052+0.009%$686K$187K20xas long as short
KuCoin ENSOUSDTM+0.0100%4h1.0044−0.071%$934K$59K30xas long as short
Bitget ENSOUSDT+0.0100%4h1.0043−0.081%$867K$601K25xas long as short
BingX ENSO-USDTshort+0.0100%4h1.0044−0.071%$6.6M
Variational Omni ENSO+0.0100%4h1.0051−0.002%$27K$34Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENSO-USDT+0.0147%4h1.0067+0.158%$272K$9K50xas long as short