Funding you earn now, next payment 00:00 UTC−0.0796%/8h= −87.2% APRpaid last 24h +0.044%
Price spread now: Bybit against edgeX−0.057%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1451.454% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.057%, 7d avg −0.036%
=Together, before fees−0.223%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bybit is 0.021% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.323% in total (about -16.9% 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 | edgeX XLEUSDC | 62.576 | 0.0796 | pay 0.0398% / 4h | 1h 26m | $48K | $209K | 10x |
| Short | Bybit XLEUSDT | 62.540 | 0 | get 0.0000% / 8h | 1h 26m | $330K | $275K | 25x |
edgeX XLEUSDC
Bybit XLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. 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
- −$167.21
- Price spread: −0.057% → −0.036%
- −$2.1
- Slippage, 4 orders
- −$125.36
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$314.68
- Costs to cover
- 1.454%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 55 min ago; Bybit: live order book, 48 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 edgeX live order book, 55 min ago | 9.58 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 48 min ago | 5.59 bp | 86.6 bp −$87 | 226.9 bp −$2,269 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XLEUSDT | 0.0000% | 8h | 62.547 | −0.046% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.558 | −0.029% | $800K | $1.9M | 20x | as long as short |
| Bybit XLEUSDTshort | 0.0000% | 8h | 62.540 | −0.057% | $330K | $275K | 25x | |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.520 | −0.089% | $299K | $691K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.550 | −0.041% | $61K | $21K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.550 | −0.041% | $219K | $116K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.520 | −0.089% | $95K | $169K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.572 | −0.006% | $44K | $15K | — | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.551 | −0.040% | $1K | $7.1M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.560 | −0.025% | $5K | $34K | 10x | as long as short |
Aster XLEUSDT
Binance XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLE
SunX XLE-USDT
HTX XLE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XLE-USDT | +0.0008% | 8h | 62.520 | −0.089% | $57K | $9K | 20x | as long as short |
| QFEX XLE-USD | +0.0035% | 1h | 62.560 | −0.025% | $1.3M | $5.3M | 30x | as long as short |
| KuCoin XLEUSDTM | +0.0082% | 8h | 62.420 | −0.249% | $770K | $609K | 20x | as long as short |
| tradeXYZ xyz:XLE | +0.0106% | 1h | 62.522 | −0.086% | $2.4M | $4.0M | 20x | as long as short |
| GRVT XLE_USDT_Perp | +0.0112% | 8h | 62.556 | −0.032% | $13K | $193K | 10x | as long as short |
| edgeX XLEUSDClong | +0.0796% | 4h | 62.576 | long leg | $48K | $209K | 10x |
BloFin XLE-USDT
QFEX XLE-USD
KuCoin XLEUSDTM
tradeXYZ xyz:XLE
GRVT XLE_USDT_Perp