Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against OKX+0.070%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$980.975% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.070%, 7d avg +0.005%
=The price spread pays, funding is against you. BloFin is 0.065% dearer against OKX than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.005%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.001% in total) that is about 14 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ENSO-USDT-SWAP | 0.9951 | 0.0100 | pay 0.0050% / 4h | 45m 04s | $957K | $2.2M | 50x |
| Short | BloFin ENSO-USDT | 0.9958 | 0.0053 | get 0.0027% / 4h | 45m 04s | $274K | $9K | 50x |
OKX ENSO-USDT-SWAP
BloFin ENSO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$9.77
- Price spread: +0.070% → +0.005%
- $6.49
- Slippage, 4 orders
- −$75.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.82
- Costs to cover
- 0.975%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 54 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 OKX live order book, 2 min ago | 4.52 bp | 16.9 bp −$17 | 218.8 bp −$2,188 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 5.99 bp | 28.3 bp −$28 | 74.2 bp −$742 | doesn't fit | doesn't fit |
ENSO on 11 venues
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 | +0.0053% | 4h | 0.9958 | +0.070% | $274K | $9K | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 0.9969 | +0.184% | $63K | $4K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 0.9963 | +0.120% | $5.5M | $6.8M | 50x | as long as short |
| Bybit ENSOUSDT | +0.0100% | 4h | 0.9961 | +0.100% | $1.7M | $1.4M | 25x | as long as short |
| OKX ENSO-USDT-SWAPlong | +0.0100% | 4h | 0.9951 | long leg | $957K | $2.2M | 50x | |
| Gate ENSO_USDT | +0.0100% | 4h | 0.9955 | +0.040% | $314K | $101K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 0.9962 | +0.111% | $684K | $190K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 0.9950 | −0.010% | $927K | $62K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 0.9961 | +0.100% | $842K | $723K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 0.9956 | +0.050% | — | $6.6M | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Bybit ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ENSO | +0.0100% | 4h | 0.9963 | +0.117% | $26K | $34K | — | as long as short |
Variational Omni ENSO