Funding you earn now, next payment 12:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h −0.024%
Price spread now: KuCoin against Bitget−0.124%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,004as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,967as in the Price arb table
costs, in and out, $10k−$1,96419.643% of the position
Funding, last 7 days−0.397%−$40 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.124%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
| 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 04m | $463K | $153K | 20x |
| Short | KuCoin ELSAUSDTM | 0.05660 | 0.0100 | get 0.0050% / 4h | 3h 04m | $181K | $25K | 20x |
Bitget ELSAUSDT
KuCoin ELSAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$52.92
- Price spread: −0.124% → −0.100%
- −$2.31
- Slippage, 4 orders
- −$1,940.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,019.48
- Costs to cover
- 19.643%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 21 min ago; KuCoin: live order book, 16 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, 21 min ago | 12.47 bp | 33.1 bp −$33 | 654.3 bp −$6,543 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 16 min ago | 22.16 bp | 628.7 bp −$629 | 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 | 0.05657 | −0.181% | $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 ELSAUSDTMshort | +0.0100% | 4h | 0.05660 | −0.124% | $181K | $25K | 20x | |
| 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-USDT | +0.0506% | 4h | 0.05660 | −0.124% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDT | +0.0672% | 4h | 0.05661 | −0.106% | $841K | $322K | 20x | as long as short |
Binance ELSAUSDT
Gate ELSA_USDT
MEXC ELSA_USDT
Variational Omni ELSA
Aster ELSAUSDT
BingX ELSA-USDT
Bybit ELSAUSDT