Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against KuCoin+0.050%110s7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$361as 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−$3603.602% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.050%, 7d avg −0.060%
=The price spread pays, funding is against you. BloFin is 0.110% dearer against KuCoin than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.060%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.008% in total) that is about 3 months. The two prices were read 110 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 | KuCoin ENSOUSDTM | 1.0070 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $936K | $59K | 30x |
| Short | BloFin ENSO-USDT | 1.0075 | 0.0054 | get 0.0027% / 4h | 2h 51m | $271K | $9K | 50x |
KuCoin ENSOUSDTM
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$9.57
- Price spread: +0.050% → −0.060%
- $11
- Slippage, 4 orders
- −$336.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$358.82
- Costs to cover
- 3.602%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 53 min ago; BloFin: live order book, 38 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 KuCoin live order book, 53 min ago | 8.46 bp | 140.4 bp −$140 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 0.50 bp | 22.4 bp −$22 | 60.0 bp −$600 | 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 | +0.0054% | 4h | 1.0075 | +0.050% | $271K | $9K | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0072 | +0.022% | $64K | $3K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0070 | +0.002% | $5.6M | $5.8M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0065 | −0.050% | $1.8M | $1.2M | 25x | as long as short |
| OKX ENSO-USDT-SWAP | +0.0100% | 4h | 1.0051 | −0.189% | $958K | $1.8M | 50x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0070 | 0.000% | $317K | $63K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0070 | 0.000% | $687K | $186K | 20x | as long as short |
| KuCoin ENSOUSDTMlong | +0.0100% | 4h | 1.0070 | long leg | $936K | $59K | 30x | |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0062 | −0.079% | $868K | $604K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0064 | −0.060% | — | $6.6M | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
OKX ENSO-USDT-SWAP
Gate ENSO_USDT
MEXC ENSO_USDT
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 | 1.0083 | +0.131% | $27K | $34K | — | as long as short |
Variational Omni ENSO