Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Gate+0.060%48s7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as 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−$1391.393% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.294%+$29 · spread now +0.060%, 7d avg −0.034%
=The price spread pays, funding is against you. BloFin is 0.094% dearer against Gate than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.034%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.011% in total) that is about 59 days. The two prices were read 48 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 | Gate ENSO_USDT | 1.0020 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $315K | $100K | 25x |
| Short | BloFin ENSO-USDT | 1.0026 | 0.0073 | get 0.0036% / 4h | 1h 42m | $276K | $9K | 50x |
Gate ENSO_USDT
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$5.76
- Price spread: +0.060% → −0.034%
- $9.39
- Slippage, 4 orders
- −$112.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$135.69
- Costs to cover
- 1.393%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; BloFin: live order book, 79 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 Gate live order book, 18 min ago | 14.41 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 79 min ago | 1.00 bp | 15.8 bp −$16 | 57.8 bp −$578 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ENSO-USDTshort | +0.0073% | 4h | 1.0026 | +0.060% | $276K | $9K | 50x | |
| OKX ENSO-USDT-SWAP | +0.0085% | 4h | 1.0007 | −0.130% | $973K | $2.3M | 50x | as long as short |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0034 | +0.140% | $64K | $4K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0015 | −0.053% | $5.5M | $7.0M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0014 | −0.060% | $1.8M | $1.4M | 25x | as long as short |
| Gate ENSO_USDTlong | +0.0100% | 4h | 1.0020 | long leg | $315K | $100K | 25x | |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0016 | −0.040% | $666K | $191K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0012 | −0.080% | $932K | $62K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0010 | −0.100% | $839K | $780K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0020 | 0.000% | — | $6.6M | — | as long as short |
OKX ENSO-USDT-SWAP
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ENSO | +0.0100% | 4h | 0.9981 | −0.392% | $28K | $31K | — | as long as short |
Variational Omni ENSO