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

ENSO

all ENSO markets
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 BingX+0.060%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$760.760% 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)−0.018%−$2 · spread now +0.060%, 7d avg −0.008%
Together, before fees−0.018%−$2 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 0.068% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ENSO-USDT0.99810.0100pay 0.0050% / 4h26m 53s$6.6M
ShortMEXC ENSO_USDT0.99870.0100get 0.0050% / 4h26m 53s$683K$192K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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: +0.060% → −0.008%
$6.77
Slippage, 4 orders
−$61.96
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$69.19
Costs to cover
0.760%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 23 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 BingX live order book, 10 min ago1.51 bp19.5 bp −$1980.8 bp −$808990.7 bp −$99.1Kdoesn't fit
Sell MEXC live order book, 23 min ago4.01 bp13.7 bp −$1444.7 bp −$447172.6 bp −$17.3Kdoesn'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
BloFin ENSO-USDT+0.0046%4h0.9986+0.050%$270K$9K50xas long as short
Aster ENSOUSDT+0.0100%4h1.0000+0.191%$63K$4K5xas long as short
Binance ENSOUSDT+0.0100%4h0.9983+0.022%$5.5M$6.8M50xas long as short
Bybit ENSOUSDT+0.0100%4h0.9985+0.040%$1.7M$1.4M25xas long as short
OKX ENSO-USDT-SWAP+0.0100%4h0.9970−0.110%$958K$2.2M50xas long as short
Gate ENSO_USDT+0.0100%4h0.9978−0.030%$314K$102K25xas long as short
MEXC ENSO_USDTshort+0.0100%4h0.9987+0.060%$683K$192K20x
KuCoin ENSOUSDTM+0.0100%4h0.9973−0.080%$929K$63K30xas long as short
Bitget ENSOUSDT+0.0100%4h0.9979−0.020%$843K$731K25xas long as short
BingX ENSO-USDTlong+0.0100%4h0.9981long leg$6.6M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ENSO+0.0100%4h0.9987+0.058%$26K$34Kas long as short