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 +0.010%
Price spread now: Binance against OKX+0.110%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1071.066% 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 7 days−0.277%−$28 · spread now +0.110%, 7d avg −0.063%
Together, before fees−0.267%−$27 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: Binance is 0.174% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ENSO-USDT-SWAP1.00320.0100pay 0.0050% / 4h3h 10m$956K$1.8M50x
ShortBinance ENSOUSDT1.00430.0100get 0.0050% / 4h3h 10m$5.5M$5.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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: +0.110% → −0.063%
$17.36
Slippage, 4 orders
−$86.64
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$89.28
Costs to cover
1.066%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 12 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 OKX live order book, 1 min ago2.99 bp24.2 bp −$24279.1 bp −$2,791doesn't fitdoesn't fit
Sell Binance live order book, 12 min ago1.00 bp26.6 bp −$27105.3 bp −$1,053doesn'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%4h1.0048+0.162%$64K$3K5xas long as short
Binance ENSOUSDTshort+0.0100%4h1.0043+0.110%$5.5M$5.9M50x
Bybit ENSOUSDT+0.0100%4h1.0042+0.100%$1.7M$1.2M25xas long as short
OKX ENSO-USDT-SWAPlong+0.0100%4h1.0032long leg$956K$1.8M50x
Gate ENSO_USDT+0.0100%4h1.0042+0.100%$316K$75K25xas long as short
MEXC ENSO_USDT+0.0100%4h1.0051+0.189%$689K$195K20xas long as short
KuCoin ENSOUSDTM+0.0100%4h1.0047+0.150%$934K$59K30xas long as short
Bitget ENSOUSDT+0.0100%4h1.0043+0.110%$869K$608K25xas long as short
BingX ENSO-USDT+0.0100%4h1.0043+0.110%$6.6Mas long as short
Variational Omni ENSO+0.0100%4h1.0048+0.161%$27K$34Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENSO-USDT+0.0121%4h1.0060+0.279%$272K$9K50xas long as short