Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Bybit+0.036%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2212.205% of the position
Funding, last 7 days+0.262%+$26 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.036%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.042% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.078%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ELSAUSDT | 0.05622 | 0.0696 | pay 0.0348% / 4h | 29m 52s | $839K | $296K | 20x |
| Short | BingX ELSA-USDT | 0.05624 | 0.0574 | get 0.0287% / 4h | 29m 52s | — | $1.3M | — |
Bybit ELSAUSDT
BingX ELSA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$25.59
- Price spread: +0.036% → +0.078%
- −$4.22
- Slippage, 4 orders
- −$199.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$250.33
- Costs to cover
- 2.205%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 25 min ago; BingX: 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 Bybit live order book, 25 min ago | 4.46 bp | 87.9 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 16 min ago | 2.69 bp | 33.7 bp −$34 | 150.0 bp −$1,500 | 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 | 0.05624 | +0.036% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05608 | −0.249% | $141K | $48K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05623 | +0.018% | $512K | $133K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05613 | −0.160% | $186K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05618 | −0.080% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0230% | 4h | 0.05610 | −0.213% | $467K | $188K | 20x | as long as short |
| Aster ELSAUSDT | +0.0461% | 4h | 0.05613 | −0.156% | $33K | $5K | 5x | as long as short |
| BingX ELSA-USDTshort | +0.0574% | 4h | 0.05624 | +0.036% | — | $1.3M | — | |
| Bybit ELSAUSDTlong | +0.0696% | 4h | 0.05622 | long leg | $839K | $296K | 20x |
Binance ELSAUSDT
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT