Funding you earn now, next payment 00:00 UTC+0.0876%/8h= +96.0% APRpaid last 24h −0.005%
Price spread now: tradeXYZ against edgeX−0.056%106s7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$560.559% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.056%, 7d avg −0.080%
=Together, before fees−0.197%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and tradeXYZ is 0.024% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.189%, so the current rate has only just turned in your favour. The two prices were read 106 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 -0.189% in total (about -9.9% 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 | 62.526 | −0.0711 | get 0.0356% / 4h | 13m 38s | $48K | $211K | 10x |
| Short | tradeXYZ xyz:XLE | 62.491 | 0.0165 | get 0.0021% / 1h | 13m 38s | $2.4M | $3.9M | 20x |
edgeX XLEUSDC
tradeXYZ xyz:XLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $184.06
- Price spread: −0.056% → −0.080%
- $2.41
- Slippage, 4 orders
- −$28.91
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $130.56
- Costs to cover
- 0.559%
- Break-even
- 2.0 days
Slippage from edgeX: live order book, 63 min ago; tradeXYZ: live order book, 5 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, 63 min ago | 6.40 bp | 14.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 3.84 bp | 14.3 bp −$14 | 23.2 bp −$232 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX XLEUSDClong | −0.0711% | 4h | 62.526 | long leg | $48K | $211K | 10x | |
| KuCoin XLEUSDTM | −0.0158% | 8h | 62.350 | −0.282% | $775K | $600K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.498 | −0.045% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.520 | −0.010% | $798K | $1.5M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.480 | −0.074% | $325K | $249K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.430 | −0.154% | $298K | $616K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.510 | −0.026% | $61K | $15K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.490 | −0.058% | $219K | $112K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.490 | −0.058% | $94K | $152K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.531 | +0.008% | $44K | $15K | — | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XLE-USDT | 0.0000% | 8h | 62.535 | +0.014% | $1K | $6.0M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.282 | −0.390% | $5K | $34K | 10x | as long as short |
| BloFin XLE-USDT | +0.0012% | 8h | 62.440 | −0.138% | $57K | $9K | 20x | as long as short |
| GRVT XLE_USDT_Perp | +0.0043% | 8h | 62.504 | −0.035% | $13K | $182K | 10x | as long as short |
| QFEX XLE-USD | +0.0047% | 1h | 62.550 | +0.038% | $1.3M | $5.8M | 30x | as long as short |
| tradeXYZ xyz:XLEshort | +0.0165% | 1h | 62.491 | −0.056% | $2.4M | $3.9M | 20x |
SunX XLE-USDT
HTX XLE-USDT
BloFin XLE-USDT
GRVT XLE_USDT_Perp
QFEX XLE-USD