Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.61 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.036%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$667as in the Funding arb table
Net, price: spread back to 7d avg − costs−$626as in the Price arb table
costs, in and out, $10k−$6306.301% of the position
Funding, last 7 days−0.373%−$37 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.036%, 7d avg −0.080%
=The price spread pays, funding is against you. Gate is 0.044% dearer against Bitget than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.080%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ELSAUSDT | 0.05601 | 0.0222 | pay 0.0111% / 4h | 32m 02s | $466K | $188K | 20x |
| Short | Gate ELSA_USDT | 0.05599 | 0.0100 | get 0.0050% / 4h | 32m 02s | $141K | $48K | 20x |
Bitget ELSAUSDT
Gate ELSA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$25.62
- Price spread: −0.036% → −0.080%
- $4.44
- Slippage, 4 orders
- −$603.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$651.23
- Costs to cover
- 6.301%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 19 min ago; Gate: live order book, 18 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, 19 min ago | 11.62 bp | 42.6 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 18 min ago | 7.15 bp | 297.1 bp −$297 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ELSAUSDT | +0.0100% | 4h | 0.05617 | +0.293% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDTshort | +0.0100% | 4h | 0.05599 | −0.036% | $141K | $48K | 20x | |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05617 | +0.286% | $512K | $133K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05602 | +0.018% | $186K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05584 | −0.303% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDTlong | +0.0222% | 4h | 0.05601 | long leg | $466K | $188K | 20x | |
| Aster ELSAUSDT | +0.0445% | 4h | 0.05605 | +0.078% | $32K | $5K | 5x | as long as short |
| BingX ELSA-USDT | +0.0504% | 4h | 0.05620 | +0.339% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDT | +0.0653% | 4h | 0.05616 | +0.268% | $838K | $296K | 20x | as long as short |
Binance ELSAUSDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Aster ELSAUSDT
BingX ELSA-USDT
Bybit ELSAUSDT