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 +0.010%
Price spread now: BingX against OKX+0.140%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$1021.016% 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−0.240%−$24 · spread now +0.140%, 7d avg −0.041%
Together, before fees−0.229%−$23 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 0.181% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ENSO-USDT-SWAP0.99700.0100pay 0.0050% / 4h27m 02s$958K$2.2M50x
ShortBingX ENSO-USDT0.99840.0100get 0.0050% / 4h27m 02s$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: +0.140% → −0.041%
$18.14
Slippage, 4 orders
−$81.55
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$83.41
Costs to cover
1.016%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago3.51 bp24.1 bp −$24320.9 bp −$3,209doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago1.51 bp30.9 bp −$3190.2 bp −$902708.4 bp −$70.8K1168.4 bp −$584.2K

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
BloFin ENSO-USDT+0.0046%4h0.9986+0.160%$270K$9K50xas long as short
Aster ENSOUSDT+0.0100%4h0.9995+0.252%$63K$4K5xas long as short
Binance ENSOUSDT+0.0100%4h0.9987+0.169%$5.5M$6.8M50xas long as short
Bybit ENSOUSDT+0.0100%4h0.9985+0.150%$1.7M$1.4M25xas long as short
OKX ENSO-USDT-SWAPlong+0.0100%4h0.9970long leg$958K$2.2M50x
Gate ENSO_USDT+0.0100%4h0.9986+0.160%$315K$102K25xas long as short
MEXC ENSO_USDT+0.0100%4h0.9991+0.211%$684K$192K20xas long as short
KuCoin ENSOUSDTM+0.0100%4h0.9978+0.080%$930K$63K30xas long as short
Bitget ENSOUSDT+0.0100%4h0.9983+0.130%$844K$731K25xas long as short
BingX ENSO-USDTshort+0.0100%4h0.9984+0.140%$6.6M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ENSO+0.0100%4h0.9987+0.168%$26K$34Kas long as short