Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.140%
Price spread now: Bybit against MEXC−0.072%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1861.858% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.072%, 7d avg −0.096%
=The price spread pays, funding is against you. Bybit is 0.024% dearer against MEXC than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.096%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ELSA_USDT | 0.05587 | 0.0128 | pay 0.0064% / 4h | 2h 06m | $512K | $138K | 50x |
| Short | Bybit ELSAUSDT | 0.05583 | 0.0100 | get 0.0050% / 4h | 2h 06m | $822K | $291K | 20x |
MEXC ELSA_USDT
Bybit ELSAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$5.88
- Price spread: −0.072% → −0.096%
- $2.39
- Slippage, 4 orders
- −$170.8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$189.29
- Costs to cover
- 1.858%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 53 min ago; Bybit: live order book, 58 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, 53 min ago | 2.69 bp | 9.9 bp −$10 | 77.8 bp −$778 | 491.0 bp −$49.1K | doesn't fit |
| Sell Bybit live order book, 58 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ELSAUSDTshort | +0.0100% | 4h | 0.05583 | −0.072% | $822K | $291K | 20x | |
| Gate ELSA_USDT | +0.0100% | 4h | 0.05586 | −0.018% | $139K | $50K | 20x | as long as short |
| KuCoin ELSAUSDTM | +0.0100% | 4h | 0.05573 | −0.251% | $184K | $24K | 20x | as long as short |
| Bitget ELSAUSDT | +0.0100% | 4h | 0.05591 | +0.072% | $471K | $179K | 20x | as long as short |
| Variational Omni ELSA | +0.0100% | 4h | 0.05585 | −0.044% | $1K | $461 | — | as long as short |
| Binance ELSAUSDT | +0.0125% | 4h | 0.05590 | +0.051% | $1.3M | $1.2M | 20x | as long as short |
| MEXC ELSA_USDTlong | +0.0128% | 4h | 0.05587 | long leg | $512K | $138K | 50x | |
| BingX ELSA-USDT | +0.0156% | 4h | 0.05590 | +0.054% | — | $1.3M | — | as long as short |
| Aster ELSAUSDT | +0.0458% | 4h | 0.05583 | −0.067% | $32K | $6K | 5x | as long as short |
Gate ELSA_USDT
KuCoin ELSAUSDTM
Bitget ELSAUSDT
Variational Omni ELSA
Binance ELSAUSDT
BingX ELSA-USDT
Aster ELSAUSDT