Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h +0.029%
Price spread now: OKX against Bybit−0.040%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2252.245% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 7 days+0.195%+$20 · spread now −0.040%, 7d avg +0.104%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.144% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.104%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ENSOUSDT | 1.0091 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $1.8M | $1.5M | 25x |
| Short | OKX ENSO-USDT-SWAP | 1.0087 | 0.0022 | get 0.0011% / 4h | 2h 24m | $983K | $2.5M | 50x |
Bybit ENSOUSDT
OKX ENSO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$16.31
- Price spread: −0.040% → +0.104%
- −$14.36
- Slippage, 4 orders
- −$203.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$255.19
- Costs to cover
- 2.245%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 1.98 bp | 82.5 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 5.44 bp | 34.1 bp −$34 | 134.7 bp −$1,347 | 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 | +0.0022% | 4h | 1.0087 | −0.040% | $983K | $2.5M | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0103 | +0.115% | $64K | $5K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0094 | +0.030% | $5.6M | $7.4M | 50x | as long as short |
| Bybit ENSOUSDTlong | +0.0100% | 4h | 1.0091 | long leg | $1.8M | $1.5M | 25x | |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0090 | −0.010% | $317K | $103K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0092 | +0.010% | $665K | $198K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0102 | +0.109% | $941K | $65K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0100 | +0.089% | $843K | $819K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0094 | +0.030% | — | $6.6M | — | as long as short |
| Variational Omni ENSO | +0.0100% | 4h | 1.0117 | +0.261% | $29K | $31K | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDT
Variational Omni ENSO