Funding you earn now, next payment 04:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.89 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against Binance−0.107%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now −0.107%, 7d avg −0.005%
=Funding pays, the price is against you. Bitget is 0.102% cheaper against Binance than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.005%). If the spread goes back, that is −$10 on $10k: about 46 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.132% in total) that is about 5.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ELSAUSDT | 0.05616 | 0.0111 | pay 0.0055% / 4h | 1h 19m | $1.3M | $1.2M | 20x |
| Short | Bitget ELSAUSDT | 0.05610 | 0.0288 | get 0.0144% / 4h | 1h 19m | $467K | $188K | 20x |
Binance ELSAUSDT
Bitget ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $37.2
- Price spread: −0.107% → −0.005%
- −$10.18
- Slippage, 4 orders
- −$117.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$112.6
- Costs to cover
- 1.396%
- Break-even
- 28.2 days
Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 36 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 Binance live order book, 13 min ago | 2.68 bp | 33.6 bp −$34 | 441.3 bp −$4,413 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 36 min ago | 8.92 bp | 39.1 bp −$39 | 423.2 bp −$4,232 | doesn't fit | doesn't fit |
ELSA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ELSA_USDT | +0.0100% | 4h | 0.05613 | −0.053% | $140K | $47K | 20x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05612 | −0.071% | $185K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05620 | +0.071% | $1K | $461 | — | as long as short |
| MEXC ELSA_USDT | +0.0106% | 4h | 0.05618 | +0.036% | $512K | $133K | 50x | as long as short |
| Binance ELSAUSDTlong | +0.0111% | 4h | 0.05616 | long leg | $1.3M | $1.2M | 20x | |
| Bybit ELSAUSDT | +0.0154% | 4h | 0.05620 | +0.071% | $830K | $282K | 20x | as long as short |
| BingX ELSA-USDT | +0.0272% | 4h | 0.05617 | +0.018% | — | $1.3M | — | as long as short |
| Bitget ELSAUSDTshort | +0.0288% | 4h | 0.05610 | −0.107% | $467K | $188K | 20x | |
| Aster ELSAUSDT | +0.0480% | 4h | 0.05609 | −0.119% | $32K | $5K | 5x | as long as short |
Gate ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
MEXC ELSA_USDT
Bybit ELSAUSDT
BingX ELSA-USDT
Aster ELSAUSDT