Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against KuCoin+0.179%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,847as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,864as in the Price arb table
costs, in and out, $10k−$1,87118.715% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.305%+$30 · spread now +0.179%, 7d avg +0.102%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.077% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ELSAUSDTM | 0.05610 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $185K | $24K | 20x |
| Short | Binance ELSAUSDT | 0.05620 | 0.0122 | get 0.0061% / 4h | 1h 13m | $1.3M | $1.2M | 20x |
KuCoin ELSAUSDTM
Binance ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $4.56
- Price spread: +0.179% → +0.102%
- $7.72
- Slippage, 4 orders
- −$1,849.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,859.21
- Costs to cover
- 18.715%
- Break-even
- 2862.9 days
Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 4 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 KuCoin live order book, 7 min ago | 9.81 bp | 1192.1 bp −$1,192 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.78 bp | 31.1 bp −$31 | 217.8 bp −$2,178 | 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_USDT | +0.0100% | 4h | 0.05619 | +0.160% | $140K | $47K | 20x | as long as short |
| KuCoin ELSAUSDTMlong | +0.0100% | 4h | 0.05610 | long leg | $185K | $24K | 20x | |
| Variational Omni ELSA | +0.0100% | 4h | 0.05626 | +0.292% | $1K | $461 | — | as long as short |
| MEXC ELSA_USDT | +0.0120% | 4h | 0.05618 | +0.143% | $512K | $133K | 50x | as long as short |
| Binance ELSAUSDTshort | +0.0122% | 4h | 0.05620 | +0.179% | $1.3M | $1.2M | 20x | |
| Bybit ELSAUSDT | +0.0251% | 4h | 0.05621 | +0.196% | $830K | $283K | 20x | as long as short |
| Bitget ELSAUSDT | +0.0270% | 4h | 0.05611 | +0.018% | $467K | $188K | 20x | as long as short |
| BingX ELSA-USDT | +0.0282% | 4h | 0.05623 | +0.232% | — | $1.3M | — | as long as short |
| Aster ELSAUSDT | +0.0491% | 4h | 0.05609 | −0.016% | $32K | $5K | 5x | as long as short |
Gate ELSA_USDT
Variational Omni ELSA
MEXC ELSA_USDT
Bybit ELSAUSDT
Bitget ELSAUSDT
BingX ELSA-USDT
Aster ELSAUSDT