Funding you earn now, next payment 05:00 UTC+0.0356%/8h= +38.9% APRpaid last 24h −0.008%
Price spread now: tradeXYZ against BloFin+0.096%88s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and tradeXYZ is 0.096% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XLE-USDT | 62.430 | −0.0025 | get 0.0025% / 8h | 3h 39m | $58K | $9K | 20x |
| Short | tradeXYZ xyz:XLE | 62.490 | 0.0330 | get 0.0041% / 1h | 39m 40s | $2.4M | $3.8M | 20x |
BloFin XLE-USDT
tradeXYZ xyz:XLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against BloFin. 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
- $74.69
- Price spread: +0.096% → 0.000%
- $9.61
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $54.3
- Costs to cover
- 0.300%
- Break-even
- 1.9 days
Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 9 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 9 min ago | 8.08 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XLE on 16 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 XLEUSDTM | −0.0278% | 8h | 62.370 | −0.096% | $795K | $645K | 20x | as long as short |
| BloFin XLE-USDTlong | −0.0025% | 8h | 62.430 | long leg | $58K | $9K | 20x | |
| Aster XLEUSDT | 0.0000% | 8h | 62.520 | +0.144% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.547 | +0.187% | $791K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.530 | +0.160% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.530 | +0.160% | $300K | $559K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.510 | +0.128% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.520 | +0.144% | $219K | $86K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.500 | +0.112% | $95K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.524 | +0.151% | $44K | $14K | — | as long as short |
KuCoin XLEUSDTM
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.539 | +0.174% | $13K | $174K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.537 | +0.171% | $1K | $4.6M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.329 | −0.162% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0026% | 1h | 62.500 | +0.112% | $1.2M | $4.4M | 30x | as long as short |
| tradeXYZ xyz:XLEshort | +0.0330% | 1h | 62.490 | +0.096% | $2.4M | $3.8M | 20x | |
| edgeX XLEUSDC | +0.0786% | 4h | 62.527 | +0.156% | $48K | $208K | 10x | as long as short |
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
edgeX XLEUSDC