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

ENSO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin0.000%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3413.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now 0.000%, 7d avg −0.029%
Together, before fees−0.037%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ENSOUSDTM1.00260.0100pay 0.0050% / 4h1h 06m$916K$58K30x
ShortBingX ENSO-USDT1.00260.0100get 0.0050% / 4h1h 06m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → −0.029%
$2.91
Slippage, 4 orders
−$318.74
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$337.83
Costs to cover
3.407%
Break-even
never at this rate
Slippage from KuCoin: live order book, 28 min ago; BingX: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 28 min ago9.51 bp142.0 bp −$142doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 16 min ago3.98 bp25.9 bp −$2685.6 bp −$856802.0 bp −$80.2K1275.7 bp −$637.8K

ENSO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENSOUSDT+0.0100%4h1.0044+0.181%$64K$3K5xas long as short
Binance ENSOUSDT+0.0100%4h1.0030+0.045%$5.6M$5.7M50xas long as short
Bybit ENSOUSDT+0.0100%4h1.0028+0.020%$1.7M$1.2M25xas long as short
OKX ENSO-USDT-SWAP+0.0100%4h1.0010−0.160%$936K$1.7M50xas long as short
Gate ENSO_USDT+0.0100%4h1.0023−0.030%$314K$62K25xas long as short
MEXC ENSO_USDT+0.0100%4h1.0030+0.040%$688K$192K20xas long as short
KuCoin ENSOUSDTMlong+0.0100%4h1.0026long leg$916K$58K30x
Bitget ENSOUSDT+0.0100%4h1.0030+0.040%$844K$588K25xas long as short
BingX ENSO-USDTshort+0.0100%4h1.00260.000%$6.6M
Variational Omni ENSO+0.0100%4h1.0004−0.218%$26K$34Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENSO-USDT+0.0141%4h1.0029+0.030%$270K$9K50xas long as short