Funding you earn now, next payment 08:00 UTC−0.1414%/8h= −154.8% APRnext payment −$7.07 per $10,000 · paid last 24h −0.143%
Price spread now: MEXC against BingX−0.036%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.036%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and MEXC is 0.041% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). 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 −$7.07 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 | 0.05597 | 0.1514 | pay 0.0757% / 4h | 1h 59m | — | $1.3M | — |
| Short | MEXC ELSA_USDT | 0.05595 | 0.0100 | get 0.0050% / 4h | 1h 59m | $505K | $125K | 50x |
BingX ELSA-USDT
MEXC ELSA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$296.94
- Price spread: −0.036% → +0.005%
- −$4.07
- Slippage, 4 orders
- −$58.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$373.76
- Costs to cover
- 0.728%
- Break-even
- never at this rate
Slippage from BingX: live order book, 16 min ago; MEXC: live order book, 40 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, 16 min ago | 3.58 bp | 29.3 bp −$29 | 201.4 bp −$2,014 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 40 min ago | 3.57 bp | 10.0 bp −$10 | 87.3 bp −$873 | 326.4 bp −$32.6K | 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 ELSAUSDT | +0.0100% | 4h | 0.05597 | +0.002% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05599 | +0.036% | $145K | $50K | 20x | as long as short |
| MEXC ELSA_USDTshort | +0.0100% | 4h | 0.05595 | −0.036% | $505K | $125K | 50x | |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05588 | −0.161% | $185K | $22K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05600 | +0.053% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0322% | 4h | 0.05603 | +0.107% | $457K | $150K | 20x | as long as short |
| Aster ELSAUSDT | +0.0348% | 4h | 0.05593 | −0.071% | $32K | $5K | 5x | as long as short |
| BingX ELSA-USDTlong | +0.1514% | 4h | 0.05597 | long leg | — | $1.3M | — | |
| Bybit ELSAUSDT | +0.1566% | 4h | 0.05594 | −0.054% | $829K | $297K | 20x | as long as short |
Binance ELSAUSDT
Gate ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT
Bybit ELSAUSDT