Funding you earn now, next payment 08:00 UTC−0.1113%/8h= −121.9% APRpaid last 24h +0.063%
Price spread now: KuCoin against edgeX−0.171%53s7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$432as 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−$4144.138% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.171%, 7d avg −0.084%
=Together, before fees−0.039%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and KuCoin is 0.086% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.084%). Swap the legs. The two prices were read 53 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 -0.179% in total (about -9.3% 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 | 62.697 | 0.0855 | pay 0.0428% / 4h | 1h 18m | $48K | $209K | 10x |
| Short | KuCoin XLEUSDTM | 62.590 | −0.0258 | pay 0.0258% / 8h | 1h 18m | $807K | $689K | 20x |
edgeX XLEUSDC
KuCoin XLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$233.76
- Price spread: −0.171% → −0.084%
- −$8.65
- Slippage, 4 orders
- −$392.76
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$656.16
- Costs to cover
- 4.138%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 23 min ago; KuCoin: live order book, 61 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, 23 min ago | 7.97 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 61 min ago | 10.36 bp | 96.0 bp −$96 | 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 | −0.0258% | 8h | 62.590 | −0.171% | $807K | $689K | 20x | |
| Aster XLEUSDT | 0.0000% | 8h | 62.707 | +0.016% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.720 | +0.037% | $794K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.690 | −0.011% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.700 | +0.005% | $302K | $567K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.700 | +0.005% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.720 | +0.037% | $220K | $87K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.730 | +0.053% | $95K | $87K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.709 | +0.019% | $44K | $15K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.740 | +0.069% | $13K | $167K | 10x | as long as short |
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLE
GRVT XLE_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX XLE-USDT | 0.0000% | 8h | 62.717 | +0.032% | $2K | $4.3M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.599 | −0.156% | $5K | $35K | 10x | as long as short |
| BloFin XLE-USDT | +0.0018% | 8h | 62.710 | +0.021% | $58K | $9K | 20x | as long as short |
| QFEX XLE-USD | +0.0031% | 1h | 62.710 | +0.021% | $1.2M | $4.0M | 30x | as long as short |
| tradeXYZ xyz:XLE | +0.0050% | 1h | 62.670 | −0.043% | $2.4M | $3.8M | 20x | as long as short |
| edgeX XLEUSDClong | +0.0855% | 4h | 62.697 | long leg | $48K | $209K | 10x |
SunX XLE-USDT
HTX XLE-USDT
BloFin XLE-USDT
QFEX XLE-USD
tradeXYZ xyz:XLE