Funding you earn now, next payment 04:00 UTC+0.1013%/8h= +110.9% APRnext payment +$5.06 per $10,000 · paid last 24h +0.140%
Price spread now: Bybit against Binance−0.152%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2282.280% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.152%, 7d avg −0.115%
=Funding pays, the price is against you. Bybit is 0.037% cheaper against Binance than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.115%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.121% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ELSAUSDT | 0.05612 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $1.3M | $1.2M | 20x |
| Short | Bybit ELSAUSDT | 0.05603 | 0.1113 | get 0.0556% / 4h | 3h 43m | $827K | $282K | 20x |
Binance ELSAUSDT
Bybit ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $212.71
- Price spread: −0.152% → −0.115%
- −$3.67
- Slippage, 4 orders
- −$206.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.91
- Costs to cover
- 2.280%
- Break-even
- 7.6 days
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 26 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, 4 min ago | 3.57 bp | 35.3 bp −$35 | 413.4 bp −$4,134 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 2.69 bp | 82.5 bp −$83 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ELSAUSDTlong | +0.0100% | 4h | 0.05612 | long leg | $1.3M | $1.2M | 20x | |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05598 | −0.241% | $139K | $50K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05610 | −0.027% | $537K | $133K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05598 | −0.241% | $180K | $23K | 20x | as long as short |
| Bitget ELSAUSDT | +0.0100% | 4h | 0.05613 | +0.026% | $463K | $174K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05596 | −0.283% | $2K | $1 | — | as long as short |
| Aster ELSAUSDT | +0.0147% | 4h | 0.05610 | −0.031% | $33K | $6K | 5x | as long as short |
| BingX ELSA-USDT | +0.0900% | 4h | 0.05610 | −0.027% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDTshort | +0.1113% | 4h | 0.05603 | −0.152% | $827K | $282K | 20x |
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Bitget ELSAUSDT
Variational Omni ELSA
Aster ELSAUSDT
BingX ELSA-USDT