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

ENSO

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against KuCoin−0.269%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$381as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$3803.804% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 4 days (all we have)−0.391%−$39 · spread now −0.269%, 7d avg −0.076%
Together, before fees−0.401%−$40 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: OKX is 0.193% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ENSOUSDTM1.00190.0100pay 0.0050% / 4h2h 54m$891K$68K30x
ShortOKX ENSO-USDT-SWAP0.99920.0100get 0.0050% / 4h2h 54m$928K$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.269% → −0.076%
−$19.32
Slippage, 4 orders
−$358.38
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$399.7
Costs to cover
3.804%
Break-even
never at this rate
Slippage from KuCoin: live order book, 19 min ago; OKX: live order book, 2 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, 19 min ago9.93 bp167.9 bp −$168doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago3.49 bp30.2 bp −$30128.7 bp −$1,287doesn't fitdoesn't fit

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%4h1.0024+0.046%$64K$3K5xas long as short
Binance ENSOUSDT+0.0100%4h1.0010−0.093%$5.5M$5.2M50xas long as short
Bybit ENSOUSDT+0.0100%4h1.0004−0.150%$1.7M$1.1M25xas long as short
OKX ENSO-USDT-SWAPshort+0.0100%4h0.9992−0.269%$928K$1.5M50x
Gate ENSO_USDT+0.0100%4h1.0018−0.010%$294K$60K25xas long as short
MEXC ENSO_USDT+0.0100%4h1.0007−0.120%$695K$175K20xas long as short
KuCoin ENSOUSDTMlong+0.0100%4h1.0019long leg$891K$68K30x
Bitget ENSOUSDT+0.0100%4h1.0012−0.070%$847K$501K25xas long as short
BingX ENSO-USDT+0.0100%4h1.0006−0.130%$6.6Mas long as short
Variational Omni ENSO+0.0100%4h1.0032+0.125%$26K$31Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENSO-USDT+0.0130%4h1.0016−0.030%$267K$8K50xas long as short