Funding you earn now, next payment 08:00 UTC−0.0318%/8h= −34.9% APRnext payment −$1.59 per $10,000 · paid last 24h −0.152%
Price spread now: Bitget against Bybit+0.036%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2182.180% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.036%, 7d avg +0.098%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.062% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.098%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.59 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 | 0.05603 | 0.0550 | pay 0.0275% / 4h | 3h 33m | $829K | $297K | 20x |
| Short | Bitget ELSAUSDT | 0.05605 | 0.0232 | get 0.0116% / 4h | 3h 33m | $467K | $178K | 20x |
Bybit ELSAUSDT
Bitget ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$66.88
- Price spread: +0.036% → +0.098%
- −$6.21
- Slippage, 4 orders
- −$194.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$291.06
- Costs to cover
- 2.180%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 17 min ago; Bitget: live order book, 12 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, 17 min ago | 1.78 bp | 67.3 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 12 min ago | 5.33 bp | 42.7 bp −$43 | 492.4 bp −$4,924 | 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 | 0.05604 | +0.013% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05605 | +0.036% | $141K | $46K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05603 | 0.000% | $508K | $124K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05594 | −0.161% | $185K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05603 | 0.000% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDTshort | +0.0232% | 4h | 0.05605 | +0.036% | $467K | $178K | 20x | |
| Aster ELSAUSDT | +0.0384% | 4h | 0.05602 | −0.025% | $32K | $5K | 5x | as long as short |
| Bybit ELSAUSDTlong | +0.0550% | 4h | 0.05603 | long leg | $829K | $297K | 20x | |
| BingX ELSA-USDT | +0.0894% | 4h | 0.05602 | −0.018% | — | $1.3M | — | as long as short |
Binance ELSAUSDT
Gate ELSA_USDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Aster ELSAUSDT
BingX ELSA-USDT