XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0184%/8h= −20.1% APRnext payment −$1.84 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance−0.197%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$715as in the Funding arb table

Net, price: spread back to 7d avg − costs−$791as in the Price arb table

costs, in and out, $10k−$7817.805% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.652%+$65 on $10k

Price spread, last 2 days (all we have)+0.098%+$10 · spread now −0.197%, 7d avg −0.090%

Together, before fees+0.750%+$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.107% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.652%, 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	Binance XLEUSDT	62.533	0	get 0.0000% / 8h	6h 19m	$798K	$1.1M	20x
Short	KuCoin XLEUSDTM	62.410	−0.0184	pay 0.0184% / 8h	6h 19m	$789K	$653K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.197%Rate

Funding earned: −$38.64
Price spread: −0.197% → −0.090%: −$10.69
Slippage, 4 orders: −$758.52
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$829.85
Costs to cover: 7.805%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 20 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 Binance live order book, 13 min ago	2.40 bp	15.5 bp −$15	68.3 bp −$683	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	6.41 bp	164.7 bp −$165	doesn't fit	doesn't fit	doesn't fit

XLE on 15 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
KuCoin XLEUSDTMshort	−0.0184%	8h	62.410	−0.197%	$789K	$653K	20x
Aster XLEUSDT	0.0000%	8h	62.467	−0.106%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.533	long leg	$798K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.490	−0.069%	$323K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	−0.101%	$299K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.053%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.500	−0.053%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.053%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.518	−0.023%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.585	+0.084%	$13K	$176K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.536	+0.005%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.600	+0.107%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	−0.053%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0154%	1h	62.454	−0.126%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0480%	4h	62.517	−0.025%	$48K	$210K	10x	as long as short