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: KuCoin against OKX+0.139%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$366as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as in the Price arb table
costs, in and out, $10k−$3673.673% 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 4 days (all we have)+0.206%+$21 · spread now +0.139%, 7d avg +0.075%
Together, before fees+0.216%+$22 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: KuCoin is 0.064% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ENSO-USDT-SWAP1.00590.0100pay 0.0050% / 4h2h 51m$959K$1.8M50x
ShortKuCoin ENSOUSDTM1.00730.0100get 0.0050% / 4h2h 51m$937K$59K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.139% → +0.075%
$6.4
Slippage, 4 orders
−$345.34
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$360.94
Costs to cover
3.673%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 53 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 ago4.97 bp24.0 bp −$24346.6 bp −$3,466doesn't fitdoesn't fit
Sell KuCoin live order book, 53 min ago8.46 bp176.7 bp −$177691.3 bp −$6,913doesn'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
BloFin ENSO-USDT+0.0054%4h1.0075+0.159%$271K$9K50xas long as short
Aster ENSOUSDT+0.0100%4h1.0073+0.134%$64K$3K5xas long as short
Binance ENSOUSDT+0.0100%4h1.0073+0.134%$5.6M$5.8M50xas long as short
Bybit ENSOUSDT+0.0100%4h1.0066+0.070%$1.8M$1.2M25xas long as short
OKX ENSO-USDT-SWAPlong+0.0100%4h1.0059long leg$959K$1.8M50x
Gate ENSO_USDT+0.0100%4h1.0067+0.080%$317K$63K25xas long as short
MEXC ENSO_USDT+0.0100%4h1.0070+0.109%$687K$186K20xas long as short
KuCoin ENSOUSDTMshort+0.0100%4h1.0073+0.139%$937K$59K30x
Bitget ENSOUSDT+0.0100%4h1.0063+0.040%$869K$604K25xas long as short
BingX ENSO-USDT+0.0100%4h1.0065+0.060%$6.6Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ENSO+0.0100%4h1.0083+0.241%$27K$34Kas long as short