Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.29 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin−0.219%51s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$890.891% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.219%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.241% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.022%). Swap the legs. The two prices were read 51 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 | BloFin ENSO-USDT | 1.0025 | 0.0157 | pay 0.0079% / 4h | 0m 28s | $272K | $9K | 50x |
| Short | Binance ENSOUSDT | 1.0003 | 0.0100 | get 0.0050% / 4h | 0m 28s | $5.5M | $6.7M | 50x |
BloFin ENSO-USDT
Binance ENSOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$11.98
- Price spread: −0.219% → +0.022%
- −$24.13
- Slippage, 4 orders
- −$67.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.21
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; Binance: live order book, 8 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 BloFin live order book, 34 min ago | 1.50 bp | 14.2 bp −$14 | 56.1 bp −$561 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.99 bp | 29.4 bp −$29 | 111.1 bp −$1,111 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ENSOUSDT | +0.0100% | 4h | 1.0020 | −0.048% | $64K | $4K | 5x | as long as short |
| Binance ENSOUSDTshort | +0.0100% | 4h | 1.0003 | −0.219% | $5.5M | $6.7M | 50x | |
| Bybit ENSOUSDT | +0.0100% | 4h | 0.9997 | −0.279% | $1.7M | $1.4M | 25x | as long as short |
| OKX ENSO-USDT-SWAP | +0.0100% | 4h | 0.9988 | −0.369% | $959K | $2.2M | 50x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 0.9998 | −0.269% | $315K | $102K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0000 | −0.249% | $687K | $196K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0001 | −0.239% | $932K | $63K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0002 | −0.229% | $853K | $715K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0002 | −0.229% | — | $6.6M | — | as long as short |
| Variational Omni ENSO | +0.0100% | 4h | 1.0019 | −0.062% | $27K | $34K | — | as long as short |
Aster ENSOUSDT
Bybit ENSOUSDT
OKX ENSO-USDT-SWAP
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-USDTlong | +0.0157% | 4h | 1.0025 | long leg | $272K | $9K | 50x |