Settings8H · net · $10k
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Funding arb · Price arb / Crypto

ELSA

All ELSA markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotELSAUSDT
0.08447spotno funding——$13.3M1xBuy Bybit Spot
SHORT
BybitELSAUSDT
0.08449+0.0100get 0.0050% / 4h2h 03m$3.2M$62.9M20xShort Bybit
Price gap+0.030%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.046% above its 7d average: +$5 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$18+0.0100% /8h now · paid +0.182% over the last 7D
Price+$5spread +0.030% now, avg −0.017% → +0.046% if it goes back
Costs−$1951.951% of $10k · taker + slippage, in and out
Result−$172−1.72%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.030%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ELSA on 9 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size44.9 / 46.3 bp
    At $10k entering Bybit costs 46.3 bp, fee and slippage, 1.0× Bybit Spot’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.030% vs −0.017%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$3.2M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0087%/8h × 21 periods+$18.19
Price spread+0.030% → −0.017% (7d avg)+$4.63
Slippage, 4 orderslive order books−$164.09
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$172.27
Costs to cover1.951%Break-even73.3 days
Slippage: Bybit Spot: live order book, 13 min ago; Bybit: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot4.7044.9 bp−$45doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.9646.3 bp−$46254.8 bp−$2,548doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ELSA news

posts that mention ELSA, from every exchange
11-05 02:04KuCoinOther24H Top 5 Gainers on #KuCoin (November 5, 2026) 1. KOR - $0.01269 (+154.10%) 2. CLANKER - $25.00 (+85.48%) 3. POP - $0.0001068 (+52.64%) 4. ELSA - $0.09967 (+51.72%) 5. CAMP - $0.0001378 (+39.39%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗