XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRnext payment −$1.75 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Bybit−0.208%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$404as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$4074.073% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.208%, 7d avg −0.030%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.178% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XLEUSDT	62.510	0	get 0.0000% / 8h	7h 52m	$324K	$211K	25x
Short	KuCoin XLEUSDTM	62.380	−0.0175	pay 0.0175% / 8h	7h 52m	$783K	$597K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.208%Rate

Funding earned: −$36.75
Price spread: −0.208% → −0.030%: −$17.82
Slippage, 4 orders: −$384.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$461.85
Costs to cover: 4.073%
Break-even: never at this rate

Slippage from Bybit: live order book, 12 min ago; KuCoin: live order book, 71 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, 12 min ago	3.20 bp	9.6 bp −$10	184.3 bp −$1,843	doesn't fit	doesn't fit
Sell KuCoin live order book, 71 min ago	5.61 bp	118.9 bp −$119	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
KuCoin XLEUSDTMshort	−0.0175%	8h	62.380	−0.208%	$783K	$597K	20x
BloFin XLE-USDT	−0.0005%	8h	62.380	−0.208%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.522	+0.020%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.555	+0.072%	$800K	$1.3M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.510	long leg	$324K	$211K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	−0.080%	$299K	$579K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	+0.032%	$61K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.550	+0.064%	$219K	$100K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.530	+0.032%	$94K	$102K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.557	+0.074%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.531	+0.034%	$1K	$5.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.585	+0.120%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.500	−0.016%	$1.2M	$5.9M	30x	as long as short
tradeXYZ xyz:XLE	+0.0299%	1h	62.481	−0.046%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0497%	4h	62.543	+0.052%	$48K	$210K	10x	as long as short
GRVT XLE_USDT_Perp	+0.0674%	8h	62.541	+0.050%	$14K	$178K	10x	as long as short