Settings8H · net · $10k
Funding arb · Price arb /

ELSA

all ELSA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0278%/8h= −30.4% APRnext payment $1.39 per $10,000 · paid last 24h −0.057%
Price spread now: Variational Omni against Aster−0.068%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.068% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ELSAUSDT0.055900.0378pay 0.0189% / 4h24m 30s$32K$7K5x
ShortVariational Omni ELSA0.055860.0100get 0.0050% / 4h24m 30s$1K$461

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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
−$58.38
Price spread: −0.068% → 0.000%
−$6.8
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$73.18
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Variational Omni no order-book sample
Aster and Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ELSA on 9 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
Binance ELSAUSDT+0.0100%4h0.05588−0.023%$1.3M$1.2M20xas long as short
Gate ELSA_USDT+0.0100%4h0.05591+0.022%$144K$52K20xas long as short
MEXC ELSA_USDT+0.0100%4h0.05588−0.032%$503K$118K50xas long as short
KuCoin ELSAUSDTM+0.0100%4h0.05595+0.094%$187K$23K20xas long as short
Variational Omni ELSAshort+0.0100%4h0.05586−0.068%$1K$461
Aster ELSAUSDTlong+0.0378%4h0.05590long leg$32K$7K5x
Bitget ELSAUSDT+0.0462%4h0.05597+0.129%$458K$153K20xas long as short
BingX ELSA-USDT+0.1162%4h0.05589−0.014%$1.3Mas long as short
Bybit ELSAUSDT+0.1190%4h0.05586−0.067%$831K$320K20xas long as short