Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.029%
Price spread now: Bybit against OKX+0.159%7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$2012.013% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 7 days−0.314%−$31 · spread now +0.159%, 7d avg −0.104%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.263% dearer against OKX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ENSO-USDT-SWAP | 1.0083 | 0.0046 | pay 0.0023% / 4h | 2h 05m | $984K | $2.4M | 50x |
| Short | Bybit ENSOUSDT | 1.0099 | 0.0100 | get 0.0050% / 4h | 2h 05m | $1.8M | $1.4M | 25x |
OKX ENSO-USDT-SWAP
Bybit ENSOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $11.26
- Price spread: +0.159% → −0.104%
- $26.26
- Slippage, 4 orders
- −$180.35
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$163.82
- Costs to cover
- 2.013%
- Break-even
- 108.8 days
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 1 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 | 5.95 bp | 28.2 bp −$28 | 266.0 bp −$2,660 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.46 bp | 71.6 bp −$72 | 540.0 bp −$5,400 | doesn't fit | doesn't fit |
ENSO on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ENSO-USDT-SWAPlong | +0.0046% | 4h | 1.0083 | long leg | $984K | $2.4M | 50x | |
| Aster ENSOUSDT | +0.0100% | 4h | 1.0102 | +0.192% | $64K | $4K | 5x | as long as short |
| Binance ENSOUSDT | +0.0100% | 4h | 1.0089 | +0.060% | $5.6M | $7.1M | 50x | as long as short |
| Bybit ENSOUSDTshort | +0.0100% | 4h | 1.0099 | +0.159% | $1.8M | $1.4M | 25x | |
| Gate ENSO_USDT | +0.0100% | 4h | 1.0093 | +0.099% | $317K | $103K | 25x | as long as short |
| MEXC ENSO_USDT | +0.0100% | 4h | 1.0090 | +0.069% | $665K | $199K | 20x | as long as short |
| KuCoin ENSOUSDTM | +0.0100% | 4h | 1.0095 | +0.119% | $940K | $63K | 30x | as long as short |
| Bitget ENSOUSDT | +0.0100% | 4h | 1.0086 | +0.030% | $841K | $789K | 25x | as long as short |
| BingX ENSO-USDT | +0.0100% | 4h | 1.0087 | +0.040% | — | $6.6M | — | as long as short |
| Variational Omni ENSO | +0.0100% | 4h | 1.0090 | +0.067% | $29K | $31K | — | as long as short |
Aster ENSOUSDT
Binance ENSOUSDT
Gate ENSO_USDT
MEXC ENSO_USDT
KuCoin ENSOUSDTM
Bitget ENSOUSDT
BingX ENSO-USDT
Variational Omni ENSO