Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against Binance−0.167%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days+0.300%+$30 · spread now −0.167%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.235% cheaper against Binance than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ENSOUSDT | 1.0072 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $5.6M | $7.7M | 50x |
| Short | OKX ENSO-USDT-SWAP | 1.0055 | −0.0048 | pay 0.0024% / 4h | 2h 48m | $986K | $2.5M | 50x |
Binance ENSOUSDT
OKX ENSO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$31.04
- Price spread: −0.167% → +0.067%
- −$23.47
- Slippage, 4 orders
- −$87.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$162.28
- Costs to cover
- 1.078%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; OKX: live order book, 3 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, 5 min ago | 3.97 bp | 25.3 bp −$25 | 128.7 bp −$1,287 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 6.45 bp | 23.6 bp −$24 | 171.1 bp −$1,711 | 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-SWAPshort | −0.0048% | 4h | 1.0055 | −0.167% | $986K | $2.5M | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0091 | +0.193% | $64K | $5K | 5x | as long as short |
| Binance ENSOUSDTlong | +0.0100% | 4h | 1.0072 | long leg | $5.6M | $7.7M | 50x | |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0063 | −0.088% | $1.8M | $1.6M | 25x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0081 | +0.091% | $319K | $102K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0067 | −0.048% | $663K | $197K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0086 | +0.140% | $939K | $81K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0071 | −0.009% | $845K | $837K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0060 | −0.118% | — | $6.6M | — | as long as short |
| Variational Omni ENSO | +0.0100% | 4h | 1.0089 | +0.169% | $29K | $31K | — | as long as short |
Aster ENSOUSDT
Bybit ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDT
Variational Omni ENSOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ENSO-USDT | +0.0100% | 4h | 1.0077 | +0.051% | $276K | $9K | 50x | as long as short |
BloFin ENSO-USDT