Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.64 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against MEXC−0.231%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.231%, 7d avg +0.007%
=Funding pays, the price is against you. Bitget is 0.238% cheaper against MEXC than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of +0.007%). If the spread goes back, that is −$24 on $10k: about 6.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.131% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ELSA_USDT | 0.05623 | 0.0100 | pay 0.0050% / 4h | 29m 36s | $512K | $133K | 50x |
| Short | Bitget ELSAUSDT | 0.05610 | 0.0228 | get 0.0114% / 4h | 29m 36s | $467K | $188K | 20x |
MEXC ELSA_USDT
Bitget ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- $26.88
- Price spread: −0.231% → +0.007%
- −$23.79
- Slippage, 4 orders
- −$91.41
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$104.31
- Costs to cover
- 1.074%
- Break-even
- 34.2 days
Slippage from MEXC: live order book, 20 min ago; Bitget: live order book, 21 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 MEXC live order book, 20 min ago | 3.58 bp | 10.7 bp −$11 | 83.0 bp −$830 | 360.6 bp −$36.1K | doesn't fit |
| Sell Bitget live order book, 21 min ago | 11.62 bp | 43.5 bp −$43 | 383.4 bp −$3,834 | 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 | 0.05621 | −0.036% | $1.3M | $1.2M | 20x | as long as short |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05618 | −0.089% | $141K | $48K | 20x | as long as short |
| MEXC ELSA_USDTlong | +0.0100% | 4h | 0.05623 | long leg | $512K | $133K | 50x | |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05613 | −0.178% | $186K | $24K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05618 | −0.098% | $1K | $461 | — | as long as short |
| Bitget ELSAUSDTshort | +0.0228% | 4h | 0.05610 | −0.231% | $467K | $188K | 20x | |
| Aster ELSAUSDT | +0.0464% | 4h | 0.05616 | −0.123% | $33K | $5K | 5x | as long as short |
| BingX ELSA-USDT | +0.0574% | 4h | 0.05623 | 0.000% | — | $1.3M | — | as long as short |
| Bybit ELSAUSDT | +0.0714% | 4h | 0.05622 | −0.018% | $839K | $296K | 20x | as long as short |
Binance ELSAUSDT
Gate ELSA_USDT
KuCoin ELSAUSDTM
Variational Omni ELSA
Aster ELSAUSDT
BingX ELSA-USDT
Bybit ELSAUSDT