Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance+0.097%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.097%, 7d avg −0.020%
=The price spread pays, funding is against you. BloFin is 0.116% dearer against Binance than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.020%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.011% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ENSOUSDT | 1.0111 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $5.6M | $7.7M | 50x |
| Short | BloFin ENSO-USDT | 1.0121 | 0.0066 | get 0.0033% / 4h | 2h 50m | $277K | $9K | 50x |
Binance ENSOUSDT
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.16
- Price spread: +0.097% → −0.020%
- $11.65
- Slippage, 4 orders
- −$75.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.48
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 11 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 Binance live order book, 4 min ago | 3.97 bp | 25.3 bp −$25 | 128.7 bp −$1,287 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 1.00 bp | 15.8 bp −$16 | 57.8 bp −$578 | doesn't fit | doesn't fit |
ENSO on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ENSO-USDT-SWAP | −0.0052% | 4h | 1.0104 | −0.071% | $986K | $2.6M | 50x | as long as short |
| BloFin ENSO-USDTshort | +0.0066% | 4h | 1.0121 | +0.097% | $277K | $9K | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0113 | +0.017% | $64K | $5K | 5x | as long as short |
| Binance ENSOUSDTlong | +0.0100% | 4h | 1.0111 | long leg | $5.6M | $7.7M | 50x | |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0104 | −0.071% | $1.8M | $1.6M | 25x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0112 | +0.008% | $320K | $102K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0112 | +0.008% | $666K | $197K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0101 | −0.101% | $940K | $82K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0111 | −0.002% | $849K | $840K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0110 | −0.012% | — | $6.6M | — | as long as short |
OKX ENSO-USDT-SWAP
Aster ENSOUSDT
Bybit ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ENSO | +0.0100% | 4h | 1.0089 | −0.220% | $29K | $31K | — | as long as short |
Variational Omni ENSO