Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.66 per $10,000 · paid last 24h +0.146%
Price spread now: Bybit against Bitget+0.196%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2452.450% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.196%, 7d avg −0.100%
=The price spread pays, funding is against you. Bybit is 0.296% dearer against Bitget than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of −0.100%): +$30 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 7 days (−0.010% in total) that is about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ELSAUSDT | 0.05609 | 0.0286 | pay 0.0143% / 4h | 1h 21m | $467K | $188K | 20x |
| Short | Bybit ELSAUSDT | 0.05620 | 0.0154 | get 0.0077% / 4h | 1h 21m | $825K | $279K | 20x |
Bitget ELSAUSDT
Bybit ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$27.8
- Price spread: +0.196% → −0.100%
- $29.58
- Slippage, 4 orders
- −$222.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$243.24
- Costs to cover
- 2.450%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 35 min ago; Bybit: live order book, 39 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, 35 min ago | 8.92 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 4.47 bp | 85.1 bp −$85 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ELSA_USDT | +0.0100% | 4h | 0.05613 | +0.071% | $140K | $47K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05617 | +0.143% | $512K | $133K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05611 | +0.036% | $185K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05601 | −0.145% | $1K | $461 | — | as long as short |
| Binance ELSAUSDT | +0.0107% | 4h | 0.05616 | +0.125% | $1.3M | $1.2M | 20x | as long as short |
| Bybit ELSAUSDTshort | +0.0154% | 4h | 0.05620 | +0.196% | $825K | $279K | 20x | |
| BingX ELSA-USDT | +0.0272% | 4h | 0.05620 | +0.196% | — | $1.3M | — | as long as short |
| Bitget ELSAUSDTlong | +0.0286% | 4h | 0.05609 | long leg | $467K | $188K | 20x | |
| Aster ELSAUSDT | +0.0475% | 4h | 0.05607 | −0.030% | $32K | $5K | 5x | as long as short |
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Binance ELSAUSDT
BingX ELSA-USDT
Aster ELSAUSDT