Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against Bitget−0.099%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1201.203% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.099%, 7d avg +0.079%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.178% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ENSOUSDT | 1.0093 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $842K | $790K | 25x |
| Short | OKX ENSO-USDT-SWAP | 1.0083 | 0.0049 | get 0.0025% / 4h | 2h 06m | $984K | $2.4M | 50x |
Bitget ENSOUSDT
OKX ENSO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.63
- Price spread: −0.099% → +0.079%
- −$17.78
- Slippage, 4 orders
- −$98.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$148.72
- Costs to cover
- 1.203%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 14 min ago; OKX: live order book, 5 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, 14 min ago | 9.88 bp | 38.0 bp −$38 | 176.3 bp −$1,763 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.96 bp | 19.2 bp −$19 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
ENSO on 10 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 | +0.0049% | 4h | 1.0083 | −0.099% | $984K | $2.4M | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0095 | +0.024% | $64K | $4K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0103 | +0.095% | $5.6M | $7.2M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0099 | +0.059% | $1.8M | $1.4M | 25x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0085 | −0.079% | $317K | $103K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0092 | −0.010% | $665K | $199K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0094 | +0.010% | $940K | $63K | 30x | as long as short |
| Bitget ENSOUSDTlong | +0.0100% | 4h | 1.0093 | long leg | $842K | $790K | 25x | |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0097 | +0.040% | — | $6.6M | — | as long as short |
| Variational Omni ENSO | +0.0100% | 4h | 1.0122 | +0.290% | $29K | $31K | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
BingX ENSO-USDT
Variational Omni ENSO