Funding you earn now, next payment 04:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h +0.039%
Price spread now: BloFin against Bybit−0.069%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.069%, 7d avg −0.015%
=Funding pays, the price is against you. BloFin is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.015%). If the spread goes back, that is −$5 on $10k: about 6.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.159% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ENSOUSDT | 1.0118 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $1.8M | $1.6M | 25x |
| Short | BloFin ENSO-USDT | 1.0111 | 0.0127 | get 0.0064% / 4h | 3h 12m | $276K | $9K | 50x |
Bybit ENSOUSDT
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $5.73
- Price spread: −0.069% → −0.015%
- −$5.39
- Slippage, 4 orders
- −$104.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$126.73
- Costs to cover
- 1.271%
- Break-even
- 161.7 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 54 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 Bybit live order book, 4 min ago | 4.45 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 0.98 bp | 18.9 bp −$19 | 50.6 bp −$506 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ENSO-USDT-SWAP | −0.0093% | 4h | 1.0106 | −0.119% | $992K | $2.8M | 50x | as long as short |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0126 | +0.083% | $64K | $5K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0115 | −0.030% | $5.6M | $8.6M | 50x | as long as short |
| Bybit ENSOUSDTlong | +0.0100% | 4h | 1.0118 | long leg | $1.8M | $1.6M | 25x | |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0108 | −0.099% | $321K | $120K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0117 | −0.010% | $669K | $246K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0119 | +0.010% | $942K | $87K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0114 | −0.040% | $849K | $942K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0111 | −0.069% | — | $6.6M | — | as long as short |
| Variational Omni ENSO | +0.0100% | 4h | 1.0088 | −0.297% | $29K | $31K | — | as long as short |
OKX ENSO-USDT-SWAP
Aster ENSOUSDT
Binance ENSOUSDT
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-USDTshort | +0.0127% | 4h | 1.0111 | −0.069% | $276K | $9K | 50x |