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

ENSO

all ENSO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC−0.070%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$780.782% 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)+0.103%+$10 · spread now −0.070%, 7d avg +0.010%
Together, before fees+0.103%+$10 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 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ENSO_USDT1.00670.0100pay 0.0050% / 4h2h 48m$663K$197K20x
ShortBingX ENSO-USDT1.00600.0100get 0.0050% / 4h2h 48m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: −0.070% → +0.010%
−$7.95
Slippage, 4 orders
−$64.21
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$86.16
Costs to cover
0.782%
Break-even
never at this rate
Slippage from MEXC: live order book, 11 min ago; BingX: live order book, 3 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 MEXC live order book, 11 min ago2.98 bp10.6 bp −$1138.9 bp −$389206.8 bp −$20.7Kdoesn't fit
Sell BingX live order book, 3 min ago6.45 bp27.2 bp −$2792.9 bp −$929802.1 bp −$80.2Kdoesn'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
OKX ENSO-USDT-SWAP−0.0048%4h1.0055−0.119%$986K$2.5M50xas long as short
Aster ENSOUSDT+0.0100%4h1.0091+0.241%$64K$5K5xas long as short
Binance ENSOUSDT+0.0100%4h1.0072+0.048%$5.6M$7.7M50xas long as short
Bybit ENSOUSDT+0.0100%4h1.0063−0.040%$1.8M$1.6M25xas long as short
Gate ENSO_USDT+0.0100%4h1.0081+0.139%$319K$102K25xas long as short
MEXC ENSO_USDTlong+0.0100%4h1.0067long leg$663K$197K20x
KuCoin ENSOUSDTM+0.0100%4h1.0086+0.189%$939K$81K30xas long as short
Bitget ENSOUSDT+0.0100%4h1.0071+0.040%$845K$837K25xas long as short
BingX ENSO-USDTshort+0.0100%4h1.0060−0.070%$6.6M
Variational Omni ENSO+0.0100%4h1.0089+0.218%$29K$31Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENSO-USDT+0.0100%4h1.0077+0.099%$276K$9K50xas long as short