Funding you earn now, next payment 08:00 UTC+0.1414%/8h= +154.8% APRnext payment +$7.07 per $10,000 · paid last 24h +0.148%
Price spread now: BingX against KuCoin+0.215%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,861as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,914as in the Price arb table
costs, in and out, $10k−$1,92719.270% of the position
Funding, last 7 days+0.665%+$66 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.215%, 7d avg +0.089%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and BingX is 0.125% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.089%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.665% in total (about 34.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.07 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 | KuCoin ELSAUSDTM | 0.05592 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $185K | $22K | 20x |
| Short | BingX ELSA-USDT | 0.05604 | 0.1514 | get 0.0757% / 4h | 1h 58m | — | $1.3M | — |
KuCoin ELSAUSDTM
BingX ELSA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $296.94
- Price spread: +0.215% → +0.089%
- $12.55
- Slippage, 4 orders
- −$1,905.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,617.55
- Costs to cover
- 19.270%
- Break-even
- 45.1 days
Slippage from KuCoin: live order book, 57 min ago; BingX: live order book, 2 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, 57 min ago | 37.49 bp | 1255.4 bp −$1,255 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.47 bp | 23.6 bp −$24 | 130.1 bp −$1,301 | 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 | 0.05606 | +0.242% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05602 | +0.179% | $145K | $50K | 20x | as long as short |
| MEXC ELSA_USDT | +0.0100% | 4h | 0.05601 | +0.161% | $506K | $116K | 50x | as long as short |
| KuCoin ELSAUSDTMlong | +0.0100% | 4h | 0.05592 | long leg | $185K | $22K | 20x | |
| Variational Omni ELSA | +0.0100% | 4h | 0.05600 | +0.142% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDT | +0.0332% | 4h | 0.05607 | +0.268% | $457K | $150K | 20x | as long as short |
| Aster ELSAUSDT | +0.0349% | 4h | 0.05593 | +0.018% | $32K | $5K | 5x | as long as short |
| BingX ELSA-USDTshort | +0.1514% | 4h | 0.05604 | +0.215% | — | $1.3M | — | |
| Bybit ELSAUSDT | +0.1559% | 4h | 0.05605 | +0.232% | $830K | $297K | 20x | as long as short |
Binance ELSAUSDT
Gate ELSA_USDT
MEXC ELSA_USDT
Variational Omni ELSA
Bitget ELSAUSDT
Aster ELSAUSDT
Bybit ELSAUSDT