Funding arb · Price arb /

ELSA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: MEXC against KuCoin−0.018%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,841as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,877as in the Price arb table

costs, in and out, $10k−$1,86618.657% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.018%, 7d avg +0.092%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.110% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ELSAUSDTM	0.05548	0.0100	pay 0.0050% / 4h	1h 28m	$178K	$25K	20x
Short	MEXC ELSA_USDT	0.05547	0.0100	get 0.0050% / 4h	1h 28m	$515K	$119K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.092%: −$10.95
Slippage, 4 orders: −$1,849.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,876.61
Costs to cover: 18.657%
Break-even: never at this rate

Slippage from KuCoin: live order book, 73 min ago; MEXC: live order book, 9 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, 73 min ago	25.79 bp	1251.1 bp −$1,251	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	1.79 bp	9.4 bp −$9	75.9 bp −$759	455.6 bp −$45.6K	doesn't fit

ELSA on 9 exchanges

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	0.05547	−0.012%	$1.3M	$1.1M	20x	as long as short
Gate ELSA_USDT	+0.0100%	4h	0.05552	+0.072%	$139K	$54K	20x	as long as short
MEXC ELSA_USDTshort	+0.0100%	4h	0.05547	−0.018%	$515K	$119K	50x
KuCoin ELSAUSDTMlong	+0.0100%	4h	0.05548	long leg	$178K	$25K	20x
Variational Omni ELSA	+0.0100%	4h	0.05545	−0.060%	$1K	$555	—	as long as short
Aster ELSAUSDT	+0.0140%	4h	0.05548	−0.008%	$34K	$12K	5x	as long as short
Bitget ELSAUSDT	+0.0236%	4h	0.05556	+0.144%	$456K	$121K	20x	as long as short
Bybit ELSAUSDT	+0.0415%	4h	0.05550	+0.036%	$822K	$288K	20x	as long as short
BingX ELSA-USDT	+0.0452%	4h	0.05552	+0.072%	—	$1.3M	—	as long as short