Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against MEXC+0.259%64s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as 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−$630.627% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.259%, 7d avg −0.021%
=The price spread pays, funding is against you. BloFin is 0.280% dearer against MEXC than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of −0.021%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days. At the pace of the last 7 days (−0.006% in total) that is about 11 months. The two prices were read 64 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 | MEXC ENSO_USDT | 1.0022 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $681K | $182K | 20x |
| Short | BloFin ENSO-USDT | 1.0048 | 0.0068 | get 0.0034% / 4h | 2h 20m | $268K | $8K | 50x |
MEXC ENSO_USDT
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$6.71
- Price spread: +0.259% → −0.021%
- $28.01
- Slippage, 4 orders
- −$46.73
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$41.43
- Costs to cover
- 0.627%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 27 min ago; BloFin: live order book, 26 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 MEXC live order book, 27 min ago | 3.00 bp | 10.3 bp −$10 | 34.1 bp −$341 | 179.5 bp −$18.0K | doesn't fit |
| Sell BloFin live order book, 26 min ago | 4.00 bp | 22.8 bp −$23 | 61.4 bp −$614 | doesn't fit | doesn't fit |
ENSO on 11 exchanges
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 | +0.0068% | 4h | 1.0048 | +0.259% | $268K | $8K | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0029 | +0.068% | $64K | $3K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0022 | +0.001% | $5.5M | $5.0M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 1.0014 | −0.080% | $1.7M | $1.0M | 25x | as long as short |
| OKX ENSO-USDT-SWAP | +0.0100% | 4h | 1.0011 | −0.110% | $932K | $1.5M | 50x | as long as short |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0023 | +0.010% | $294K | $60K | 25x | as long as short |
| MEXC ENSO_USDTlong | +0.0100% | 4h | 1.0022 | long leg | $681K | $182K | 20x | |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0024 | +0.020% | $889K | $65K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0015 | −0.070% | $842K | $462K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0012 | −0.100% | — | $6.6M | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
OKX ENSO-USDT-SWAP
Gate ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ENSO | +0.0100% | 4h | 1.0006 | −0.155% | $26K | $28K | — | as long as short |
Variational Omni ENSO