Settings8H · net · $10k
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Funding arb · Price arb / Crypto

ENSO

All ENSO markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotENSOUSDT
0.4770spotno funding——$380K1xBuy Bybit Spot
SHORT
BybitENSOUSDT
0.4759−0.0041pay 0.0021% / 4h2h 04m$601K$358K25xShort Bybit
Price gap−0.241%
Funding gap−0.0041% /8h

Both sides work against this pair now: funding costs $1 a day on $10k and the gap is 0.102% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13−0.0041% /8h now · paid +0.135% over the last 7D
Price−$10spread −0.241% now, avg −0.140% → −0.102% if it goes back
Costs−$6646.638% of $10k · taker + slippage, in and out
Result−$660−6.60%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.241%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ENSO on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size55.4 / 256.1 bp
    At $10k entering Bybit costs 256.1 bp, fee and slippage, 4.6× Bybit Spot’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Bybit runs at up to 25x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$1.24Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$1.24.
  • Watch: Gap narrower than usual−0.241% vs −0.140%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$601K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0064%/8h × 21 periods+$13.46
Price spread−0.241% → −0.140% (7d avg)−$10.15
Slippage, 4 orderslive order books−$632.77
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$660.46
Costs to cover6.638%Break-even350.5 days
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 49 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot7.3255.4 bp−$55doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.24256.1 bp−$256doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ENSO news

posts that mention ENSO, from every exchange
11-03 07:08BinanceOtherLatest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗