Funding you earn now, next payment 04:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.146%
Price spread now: Bybit against Gate+0.160%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$685as in the Funding arb table
Net, price: spread back to 7d avg − costs−$703as in the Price arb table
costs, in and out, $10k−$7217.212% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 4 days (all we have)+0.175%+$18 · spread now +0.160%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.181% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ELSA_USDT | 0.05616 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $140K | $47K | 20x |
| Short | Bybit ELSAUSDT | 0.05625 | 0.0141 | get 0.0071% / 4h | 1h 20m | $826K | $280K | 20x |
Gate ELSA_USDT
Bybit ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $8.65
- Price spread: +0.160% → −0.021%
- $18.1
- Slippage, 4 orders
- −$695.23
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$694.48
- Costs to cover
- 7.212%
- Break-even
- 569.2 days
Slippage from Gate: live order book, 35 min ago; Bybit: live order book, 39 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, 35 min ago | 6.26 bp | 247.2 bp −$247 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 4.47 bp | 85.1 bp −$85 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ELSA_USDTlong | +0.0100% | 4h | 0.05616 | long leg | $140K | $47K | 20x | |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05615 | −0.018% | $185K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05620 | +0.071% | $1K | $461 | — | as long as short |
| MEXC ELSA_USDT | +0.0106% | 4h | 0.05621 | +0.089% | $512K | $133K | 50x | as long as short |
| Binance ELSAUSDT | +0.0107% | 4h | 0.05623 | +0.125% | $1.3M | $1.2M | 20x | as long as short |
| Bybit ELSAUSDTshort | +0.0141% | 4h | 0.05625 | +0.160% | $826K | $280K | 20x | |
| BingX ELSA-USDT | +0.0272% | 4h | 0.05623 | +0.125% | — | $1.3M | — | as long as short |
| Bitget ELSAUSDT | +0.0288% | 4h | 0.05617 | +0.018% | $467K | $188K | 20x | as long as short |
| Aster ELSAUSDT | +0.0475% | 4h | 0.05612 | −0.076% | $33K | $5K | 5x | as long as short |
KuCoin ELSAUSDTM
Variational Omni ELSA
MEXC ELSA_USDT
Binance ELSAUSDT
BingX ELSA-USDT
Bitget ELSAUSDT
Aster ELSAUSDT