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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.050%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$710.715% 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 4 days (all we have)+0.909%+$91 · spread now −0.050%, 7d avg +0.013%
Together, before fees+0.909%+$91 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: MEXC is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ENSOUSDT1.00850.0100pay 0.0050% / 4h1h 14m$5.6M$6.9M50x
ShortMEXC ENSO_USDT1.00800.0100get 0.0050% / 4h1h 14m$658K$194K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: −0.050% → +0.013%
−$6.23
Slippage, 4 orders
−$57.5
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$77.73
Costs to cover
0.715%
Break-even
never at this rate
Slippage from Binance: live order book, 9 min ago; MEXC: live order book, 41 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, 9 min ago1.48 bp21.3 bp −$21129.6 bp −$1,296doesn't fitdoesn't fit
Sell MEXC live order book, 41 min ago2.99 bp14.9 bp −$1546.6 bp −$466205.2 bp −$20.5Kdoesn't fit

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%4h1.0101+0.162%$64K$4K5xas long as short
Binance ENSOUSDTlong+0.0100%4h1.0085long leg$5.6M$6.9M50x
Bybit ENSOUSDT+0.0100%4h1.0074−0.109%$1.8M$1.4M25xas long as short
OKX ENSO-USDT-SWAP+0.0100%4h1.0061−0.238%$975K$2.3M50xas long as short
Gate ENSO_USDT+0.0100%4h1.0091+0.059%$317K$101K25xas long as short
MEXC ENSO_USDTshort+0.0100%4h1.0080−0.050%$658K$194K20x
KuCoin ENSOUSDTM+0.0100%4h1.0094+0.089%$940K$62K30xas long as short
Bitget ENSOUSDT+0.0100%4h1.0081−0.040%$853K$732K25xas long as short
BingX ENSO-USDT+0.0100%4h1.0074−0.109%$6.6Mas long as short
Variational Omni ENSO+0.0100%4h1.0129+0.437%$29K$31Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENSO-USDT+0.0106%4h1.0098+0.129%$275K$9K50xas long as short