Funding you earn now, next payment 08:00 UTC−0.0910%/8h= −99.6% APRnext payment −$4.55 per $10,000 · paid last 24h −0.144%
Price spread now: Binance against BingX−0.033%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1371.366% of the position
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.033%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Binance is 0.068% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.423% in total (about -22.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.55 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 | BingX ELSA-USDT | 0.05596 | 0.1010 | pay 0.0505% / 4h | 2h 40m | — | $1.3M | — |
| Short | Binance ELSAUSDT | 0.05594 | 0.0100 | get 0.0050% / 4h | 2h 40m | $1.3M | $1.2M | 20x |
BingX ELSA-USDT
Binance ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$191.1
- Price spread: −0.033% → +0.036%
- −$6.83
- Slippage, 4 orders
- −$116.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$334.5
- Costs to cover
- 1.366%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 7 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 BingX live order book, 10 min ago | 7.97 bp | 29.2 bp −$29 | 228.3 bp −$2,283 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.67 bp | 33.5 bp −$34 | 231.6 bp −$2,316 | 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 ELSAUSDTshort | +0.0100% | 4h | 0.05594 | −0.033% | $1.3M | $1.2M | 20x | |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05603 | +0.125% | $144K | $48K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05594 | −0.036% | $505K | $122K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05594 | −0.036% | $185K | $23K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05604 | +0.136% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0304% | 4h | 0.05604 | +0.143% | $467K | $164K | 20x | as long as short |
| Aster ELSAUSDT | +0.0322% | 4h | 0.05594 | −0.036% | $32K | $5K | 5x | as long as short |
| Bybit ELSAUSDT | +0.0987% | 4h | 0.05595 | −0.018% | $827K | $295K | 20x | as long as short |
| BingX ELSA-USDTlong | +0.1010% | 4h | 0.05596 | long leg | — | $1.3M | — |
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT
Bybit ELSAUSDT