ELSA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0396%/8h= +43.4% APRnext payment +$1.98 per $10,000 · paid last 24h +0.146%

Price spread now: Bybit against KuCoin+0.107%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,868as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,893as in the Price arb table

costs, in and out, $10k−$1,90519.045% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.107%, 7d avg −0.004%

Together, before fees+0.386%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.112% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ELSAUSDTM	0.05587	0.0100	pay 0.0050% / 4h	2h 49m	$179K	$23K	20x
Short	Bybit ELSAUSDT	0.05593	0.0496	get 0.0248% / 4h	2h 49m	$825K	$301K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.107%Rate

Funding earned: $83.14
Price spread: +0.107% → −0.004%: $11.16
Slippage, 4 orders: −$1,881.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,810.24
Costs to cover: 19.045%
Break-even: 159.4 days

Slippage from KuCoin: live order book, 55 min ago; Bybit: live order book, 15 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, 55 min ago	28.61 bp	1089.8 bp −$1,090	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	2.67 bp	87.2 bp −$87	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_USDT	+0.0100%	4h	0.05587	0.000%	$138K	$48K	20x	as long as short
MEXC ELSA_USDT	+0.0100%	4h	0.05596	+0.161%	$513K	$136K	50x	as long as short
KuCoin ELSAUSDTMlong	+0.0100%	4h	0.05587	long leg	$179K	$23K	20x
Bitget ELSAUSDT	+0.0100%	4h	0.05590	+0.054%	$463K	$169K	20x	as long as short
Variational Omni ELSA	+0.0100%	4h	0.05581	−0.114%	$1K	$461	—	as long as short
Binance ELSAUSDT	+0.0102%	4h	0.05597	+0.179%	$1.3M	$1.2M	20x	as long as short
Aster ELSAUSDT	+0.0400%	4h	0.05593	+0.115%	$32K	$6K	5x	as long as short
Bybit ELSAUSDTshort	+0.0496%	4h	0.05593	+0.107%	$825K	$301K	20x
BingX ELSA-USDT	+0.0508%	4h	0.05594	+0.125%	—	$1.3M	—	as long as short