Funding you earn now, next payment 12:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Bitget+0.050%85s7-day average −0.023% · 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—prices read too far apart to compare
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.377%+$38 · spread now +0.050%, 7d avg −0.023%
=The price spread pays, funding is against you. BloFin is 0.073% dearer against Bitget than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.023%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.2 days. At the pace of the last 7 days (−0.006% in total) that is about 3 months. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ENSOUSDT | 0.9958 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $842K | $557K | 25x |
| Short | BloFin ENSO-USDT | 0.9963 | 0.0074 | get 0.0037% / 4h | 3h 39m | $267K | $9K | 50x |
Bitget ENSOUSDT
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$5.55
- Price spread: +0.050% → −0.023%
- $7.31
- Slippage, 4 orders
- −$74.16
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.4
- Costs to cover
- 0.982%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 11 min ago; BloFin: live order book, 27 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 Bitget live order book, 11 min ago | 8.02 bp | 24.9 bp −$25 | 173.8 bp −$1,738 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.51 bp | 20.1 bp −$20 | 55.4 bp −$554 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ENSO-USDTshort | +0.0074% | 4h | 0.9963 | +0.050% | $267K | $9K | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 0.9965 | +0.068% | $63K | $3K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 0.9956 | −0.017% | $5.5M | $5.5M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 0.9953 | −0.050% | $1.7M | $1.2M | 25x | as long as short |
| OKX ENSO-USDT-SWAP | +0.0100% | 4h | 0.9943 | −0.151% | $926K | $1.7M | 50x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 0.9946 | −0.121% | $311K | $55K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 0.9957 | −0.010% | $676K | $188K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 0.9950 | −0.080% | $872K | $66K | 30x | as long as short |
| Bitget ENSOUSDTlong | +0.0100% | 4h | 0.9958 | long leg | $842K | $557K | 25x | |
| BingX ENSO-USDT | +0.0100% | 4h | 0.9954 | −0.040% | — | $6.6M | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
OKX ENSO-USDT-SWAP
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
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 | 0.9955 | −0.032% | $26K | $34K | — | as long as short |
Variational Omni ENSO