Funding you earn now, next payment 00:00 UTC−0.0471%/8h= −51.6% APRnext payment −$2.36 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against Binance−0.042%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1811.812% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.042%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ENSOUSDT | 1.0101 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $5.5M | $12.2M | 50x |
| Short | Bybit ENSOUSDT | 1.0097 | −0.0371 | pay 0.0186% / 4h | 1h 50m | $1.8M | $2.4M | 25x |
Binance ENSOUSDT
Bybit ENSOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$99.01
- Price spread: −0.042% → −0.036%
- −$0.64
- Slippage, 4 orders
- −$160.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$280.81
- Costs to cover
- 1.812%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 1 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 | 0.99 bp | 20.4 bp −$20 | 110.8 bp −$1,108 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.49 bp | 77.5 bp −$77 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ENSOUSDTshort | −0.0371% | 4h | 1.0097 | −0.042% | $1.8M | $2.4M | 25x | |
| Variational Omni ENSO | −0.0304% | 4h | 1.0091 | −0.100% | $29K | $31K | — | as long as short |
| OKX ENSO-USDT-SWAP | −0.0007% | 4h | 1.0092 | −0.092% | $1.0M | $4.3M | 50x | as long as short |
| BloFin ENSO-USDT | +0.0068% | 4h | 1.0101 | −0.003% | $277K | $9K | 50x | as long as short |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0121 | +0.195% | $64K | $4K | 5x | as long as short |
| Binance ENSOUSDTlong | +0.0100% | 4h | 1.0101 | long leg | $5.5M | $12.2M | 50x | |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0109 | +0.076% | $321K | $194K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0102 | +0.007% | $693K | $246K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0100 | −0.013% | $946K | $94K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0106 | +0.047% | $859K | $1.2M | 25x | as long as short |
Variational Omni ENSO
OKX ENSO-USDT-SWAP
BloFin ENSO-USDT
Aster ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ENSO-USDT | +0.0100% | 4h | 1.0101 | −0.003% | — | $6.7M | — | as long as short |
BingX ENSO-USDT