Funding you earn now, next payment 08:00 UTC−0.1466%/8h= −160.5% APRnext payment −$7.33 per $10,000 · paid last 24h −0.154%
Price spread now: MEXC against Bybit+0.018%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2362.360% of the position
Funding, last 7 days−0.165%−$16 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.018%, 7d avg +0.091%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and MEXC is 0.074% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.091%). 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 −$7.33 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 | 0.05597 | 0.1566 | pay 0.0783% / 4h | 1h 58m | $829K | $296K | 20x |
| Short | MEXC ELSA_USDT | 0.05598 | 0.0100 | get 0.0050% / 4h | 1h 58m | $505K | $116K | 50x |
Bybit ELSAUSDT
MEXC ELSA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$307.81
- Price spread: +0.018% → +0.091%
- −$7.35
- Slippage, 4 orders
- −$220.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$551.13
- Costs to cover
- 2.360%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 46 min ago; MEXC: live order book, 41 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, 46 min ago | 5.33 bp | 106.1 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 41 min ago | 3.57 bp | 10.0 bp −$10 | 87.3 bp −$873 | 326.4 bp −$32.6K | 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 | 0.05599 | +0.044% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05600 | +0.054% | $145K | $50K | 20x | as long as short |
| MEXC ELSA_USDTshort | +0.0100% | 4h | 0.05598 | +0.018% | $505K | $116K | 50x | |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05589 | −0.143% | $185K | $22K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05600 | +0.053% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0326% | 4h | 0.05607 | +0.179% | $457K | $150K | 20x | as long as short |
| Aster ELSAUSDT | +0.0348% | 4h | 0.05593 | −0.071% | $32K | $5K | 5x | as long as short |
| BingX ELSA-USDT | +0.1514% | 4h | 0.05602 | +0.089% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDTlong | +0.1566% | 4h | 0.05597 | long leg | $829K | $296K | 20x |
Binance ELSAUSDT
Gate ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT
BingX ELSA-USDT