Funding you earn now, next payment 08:00 UTC+0.0790%/8h= +86.5% APRnext payment +$3.95 per $10,000 · paid last 24h +0.148%
Price spread now: BingX against Gate+0.018%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$488as in the Funding arb table
Net, price: spread back to 7d avg − costs−$560as in the Price arb table
costs, in and out, $10k−$5555.549% of the position
Funding, last 7 days+0.665%+$66 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.018%, 7d avg +0.069%
=Funding pays, the price is against you. BingX is 0.051% cheaper against Gate than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.069%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.665% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ELSA_USDT | 0.05623 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $145K | $48K | 20x |
| Short | BingX ELSA-USDT | 0.05624 | 0.0890 | get 0.0445% / 4h | 2h 44m | — | $1.3M | — |
Gate ELSA_USDT
BingX ELSA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $165.9
- Price spread: +0.018% → +0.069%
- −$5.1
- Slippage, 4 orders
- −$529.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$394.05
- Costs to cover
- 5.549%
- Break-even
- 23.6 days
Slippage from Gate: live order book, 62 min ago; BingX: live order book, 7 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 Gate live order book, 62 min ago | 5.34 bp | 238.4 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 7.97 bp | 35.6 bp −$36 | 196.5 bp −$1,965 | 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 | 0.05615 | −0.142% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDTlong | +0.0100% | 4h | 0.05623 | long leg | $145K | $48K | 20x | |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05614 | −0.160% | $507K | $122K | 50x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05612 | −0.196% | $186K | $23K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05616 | −0.133% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0300% | 4h | 0.05630 | +0.124% | $469K | $164K | 20x | as long as short |
| Aster ELSAUSDT | +0.0332% | 4h | 0.05611 | −0.213% | $33K | $5K | 5x | as long as short |
| BingX ELSA-USDTshort | +0.0890% | 4h | 0.05624 | +0.018% | — | $1.3M | — | |
| Bybit ELSAUSDT | +0.1062% | 4h | 0.05613 | −0.178% | $830K | $295K | 20x | as long as short |
Binance ELSAUSDT
MEXC ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT
Bybit ELSAUSDT