Funding you earn now, next payment 12:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.77 per $10,000 · paid last 24h +0.115%
Price spread now: BingX against Bitget−0.124%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1251.250% of the position
Funding, last 7 days+0.311%+$31 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.124%, 7d avg −0.012%
=Funding pays, the price is against you. BingX is 0.111% cheaper against Bitget than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.012%). If the spread goes back, that is −$11 on $10k: about 2.4 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ELSAUSDT | 0.05667 | 0.0352 | pay 0.0176% / 4h | 3h 05m | $463K | $153K | 20x |
| Short | BingX ELSA-USDT | 0.05660 | 0.0506 | get 0.0253% / 4h | 3h 05m | — | $1.3M | — |
Bitget ELSAUSDT
BingX ELSA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $32.34
- Price spread: −0.124% → −0.012%
- −$11.12
- Slippage, 4 orders
- −$103.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.82
- Costs to cover
- 1.250%
- Break-even
- 29.5 days
Slippage from Bitget: live order book, 20 min ago; BingX: live order book, 1 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, 20 min ago | 12.47 bp | 33.1 bp −$33 | 654.3 bp −$6,543 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.42 bp | 22.7 bp −$23 | 137.9 bp −$1,379 | 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 ELSAUSDT | +0.0100% | 4h | 0.05657 | −0.185% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05664 | −0.053% | $147K | $49K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05656 | −0.194% | $507K | $120K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05660 | −0.124% | $181K | $25K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05664 | −0.052% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDTlong | +0.0352% | 4h | 0.05667 | long leg | $463K | $153K | 20x | |
| Aster ELSAUSDT | +0.0380% | 4h | 0.05652 | −0.265% | $33K | $7K | 5x | as long as short |
| BingX ELSA-USDTshort | +0.0506% | 4h | 0.05660 | −0.124% | — | $1.3M | — | |
| Bybit ELSAUSDT | +0.0672% | 4h | 0.05657 | −0.176% | $841K | $322K | 20x | as long as short |
Binance ELSAUSDT
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Aster ELSAUSDT
Bybit ELSAUSDT