Funding you earn now, next payment 08:00 UTC−0.0938%/8h= −102.8% APRnext payment −$4.69 per $10,000 · paid last 24h −0.155%
Price spread now: Binance against Bybit−0.125%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$2872.865% of the position
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 7 days+0.189%+$19 · spread now −0.125%, 7d avg +0.114%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Binance is 0.238% cheaper against Bybit than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.114%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.69 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 | Bybit ELSAUSDT | 0.05606 | 0.1038 | pay 0.0519% / 4h | 2h 41m | $829K | $295K | 20x |
| Short | Binance ELSAUSDT | 0.05599 | 0.0100 | get 0.0050% / 4h | 2h 41m | $1.3M | $1.2M | 20x |
Bybit ELSAUSDT
Binance ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$197.07
- Price spread: −0.125% → +0.114%
- −$23.85
- Slippage, 4 orders
- −$265.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$507.46
- Costs to cover
- 2.865%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 6 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 Bybit live order book, 4 min ago | 5.33 bp | 106.1 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.67 bp | 33.5 bp −$34 | 231.6 bp −$2,316 | 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 | −0.125% | $1.3M | $1.2M | 20x | |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05609 | +0.054% | $144K | $48K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05608 | +0.036% | $506K | $122K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05605 | −0.018% | $186K | $23K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05616 | +0.170% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0304% | 4h | 0.05616 | +0.178% | $468K | $164K | 20x | as long as short |
| Aster ELSAUSDT | +0.0328% | 4h | 0.05600 | −0.104% | $32K | $5K | 5x | as long as short |
| BingX ELSA-USDT | +0.1010% | 4h | 0.05607 | +0.018% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDTlong | +0.1038% | 4h | 0.05606 | long leg | $829K | $295K | 20x |
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT
BingX ELSA-USDT