Funding you earn now, next payment 08:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against Bitget−0.080%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.080%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.085% cheaper against Bitget than usual: you would sell low and buy high (−$9 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 -0.139% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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 | Bitget ELSAUSDT | 0.05603 | 0.0322 | pay 0.0161% / 4h | 2h 00m | $457K | $150K | 20x |
| Short | Binance ELSAUSDT | 0.05599 | 0.0100 | get 0.0050% / 4h | 2h 00m | $1.3M | $1.2M | 20x |
Bitget ELSAUSDT
Binance ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$46.62
- Price spread: −0.080% → +0.005%
- −$8.54
- Slippage, 4 orders
- −$121.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$198.47
- Costs to cover
- 1.433%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 40 min ago; Binance: live order book, 2 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 Bitget live order book, 40 min ago | 12.49 bp | 39.0 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.79 bp | 29.2 bp −$29 | 240.9 bp −$2,409 | 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 | 0.05599 | −0.080% | $1.3M | $1.2M | 20x | |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05599 | −0.071% | $145K | $50K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05596 | −0.125% | $505K | $125K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05589 | −0.250% | $185K | $22K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05600 | −0.054% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDTlong | +0.0322% | 4h | 0.05603 | long leg | $457K | $150K | 20x | |
| Aster ELSAUSDT | +0.0346% | 4h | 0.05593 | −0.178% | $32K | $5K | 5x | as long as short |
| BingX ELSA-USDT | +0.1514% | 4h | 0.05598 | −0.089% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDT | +0.1566% | 4h | 0.05595 | −0.143% | $829K | $297K | 20x | as long as short |
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Aster ELSAUSDT
BingX ELSA-USDT
Bybit ELSAUSDT