Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h −0.014%
Price spread now: OKX against BloFin−0.368%73s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as 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−$1001.001% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.368%, 7d avg −0.016%
=Funding pays, the price is against you. OKX is 0.352% cheaper against BloFin than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of −0.016%). If the spread goes back, that is −$35 on $10k: about 37 days of funding at the current rate (+$1 a day). The two prices were read 73 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 | 1.0048 | 0.0068 | pay 0.0034% / 4h | 2h 20m | $268K | $8K | 50x |
| Short | OKX ENSO-USDT-SWAP | 1.0011 | 0.0100 | get 0.0050% / 4h | 2h 20m | $932K | $1.5M | 50x |
BloFin ENSO-USDT
OKX ENSO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $6.71
- Price spread: −0.368% → −0.016%
- −$35.18
- Slippage, 4 orders
- −$78.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$128.54
- Costs to cover
- 1.001%
- Break-even
- 141.0 days
Slippage from BloFin: live order book, 26 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 BloFin live order book, 26 min ago | 4.00 bp | 17.1 bp −$17 | 62.9 bp −$629 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.00 bp | 21.4 bp −$21 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
ENSO on 11 exchanges
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-USDTlong | +0.0068% | 4h | 1.0048 | long leg | $268K | $8K | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0029 | −0.191% | $64K | $3K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0022 | −0.258% | $5.5M | $5.0M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0014 | −0.338% | $1.7M | $1.0M | 25x | as long as short |
| OKX ENSO-USDT-SWAPshort | +0.0100% | 4h | 1.0011 | −0.368% | $932K | $1.5M | 50x | |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0023 | −0.249% | $294K | $60K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0022 | −0.259% | $681K | $182K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0024 | −0.239% | $889K | $65K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0015 | −0.328% | $842K | $462K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0012 | −0.358% | — | $6.6M | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ENSO | +0.0100% | 4h | 1.0006 | −0.414% | $26K | $28K | — | as long as short |
Variational Omni ENSO