Funding you earn now, next payment 12:00 UTC−0.1885%/8h= −206.4% APRnext payment −$9.42 per $10,000 · paid last 24h −0.122%
Price spread now: KuCoin against Bybit−0.068%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,193as in the Price arb table
costs, in and out, $10k−$2,18421.838% of the position
Funding, last 7 days−0.582%−$58 on $10k
+Price spread, last 5 days (all we have)−0.174%−$17 · spread now −0.068%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$57 a day on $10k at the current rate, and KuCoin is 0.088% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.582% in total (about -30.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.42 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ELSAUSDT | 0.05867 | 0.1985 | pay 0.0992% / 4h | 2h 07m | $884K | $299K | 20x |
| Short | KuCoin ELSAUSDTM | 0.05863 | 0.0100 | get 0.0050% / 4h | 2h 07m | $183K | $30K | 20x |
Bybit ELSAUSDT
KuCoin ELSAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$395.82
- Price spread: −0.068% → +0.019%
- −$8.77
- Slippage, 4 orders
- −$2,160.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,588.4
- Costs to cover
- 21.838%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 51 min ago; KuCoin: live order book, 68 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, 51 min ago | 8.53 bp | 153.6 bp −$154 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 68 min ago | 21.25 bp | 644.6 bp −$645 | doesn't fit | doesn't fit | doesn't fit |
ELSA on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ELSA_USDT | +0.0100% | 4h | 0.05859 | −0.136% | $141K | $44K | 20x | as long as short |
| KuCoin ELSAUSDTMshort | +0.0100% | 4h | 0.05863 | −0.068% | $183K | $30K | 20x | |
| Variational Omni ELSA | +0.0100% | 4h | 0.05863 | −0.062% | $2K | $1K | — | as long as short |
| Bitget ELSAUSDT | +0.0230% | 4h | 0.05874 | +0.119% | $479K | $118K | 20x | as long as short |
| Binance ELSAUSDT | +0.1024% | 4h | 0.05864 | −0.053% | $1.4M | $1.2M | 20x | as long as short |
| MEXC ELSA_USDT | +0.1028% | 4h | 0.05861 | −0.102% | $606K | $147K | 50x | as long as short |
| Aster ELSAUSDT | +0.1623% | 4h | 0.05863 | −0.068% | $34K | $13K | 5x | as long as short |
| BingX ELSA-USDT | +0.1844% | 4h | 0.05864 | −0.051% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDTlong | +0.1985% | 4h | 0.05867 | long leg | $884K | $299K | 20x |
Gate ELSA_USDT
Variational Omni ELSA
Bitget ELSAUSDT
Binance ELSAUSDT
MEXC ELSA_USDT
Aster ELSAUSDT
BingX ELSA-USDT