XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0217%/8h= +23.8% APRnext payment +$2.17 per $10,000 · paid last 24h +0.024%

Price spread now: GRVT against Bybit+0.079%50s7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1701.697% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.135%−$14 · spread now +0.079%, 7d avg +0.075%

Together, before fees−0.154%+ Points / potential airdropGRVT: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 50 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 -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 per $10,000. 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	Bybit XLEUSDT	62.600	0	get 0.0000% / 8h	2h 08m	$332K	$280K	25x
Short	GRVT XLE_USDT_Perp	62.649	0.0217	get 0.0217% / 8h	2h 08m	$13K	$196K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now +0.079%Rate

Funding earned: $45.57
Price spread: +0.079% → +0.075%: $0.43
Slippage, 4 orders: −$149.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$123.74
Costs to cover: 1.697%
Break-even: 26.0 days

Slippage from Bybit: live order book, 6 min ago; GRVT: live order book, 13 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 Bybit live order book, 6 min ago	5.59 bp	26.0 bp −$26	183.6 bp −$1,836	doesn't fit	doesn't fit
Sell GRVT live order book, 13 min ago	4.79 bp	37.5 bp −$37	doesn't fit	doesn't fit	doesn't fit

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
BloFin XLE-USDT	−0.0003%	8h	62.470	−0.208%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.611	+0.017%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.644	+0.071%	$803K	$1.9M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.600	long leg	$332K	$280K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.560	−0.064%	$298K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.570	−0.048%	$61K	$24K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	+0.064%	$219K	$117K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.630	+0.048%	$99K	$166K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.619	+0.030%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.647	+0.075%	$1K	$7.1M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.638	+0.061%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0038%	1h	62.630	+0.048%	$1.3M	$5.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0074%	1h	62.595	−0.008%	$2.4M	$4.0M	20x	as long as short
KuCoin XLEUSDTM	+0.0100%	8h	62.520	−0.128%	$769K	$580K	20x	as long as short
GRVT XLE_USDT_Perpshort	+0.0217%	8h	62.649	+0.079%	$13K	$196K	10x
edgeX XLEUSDC	+0.0878%	4h	62.616	+0.026%	$48K	$210K	10x	as long as short