Funding you earn now, next payment 08:00 UTC−0.0292%/8h= −32.0% APRnext payment −$2.92 per $10,000 · paid last 24h +0.022%
Price spread now: KuCoin against Gate−0.128%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.128% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.92 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 | Gate XLE_USDT | 62.500 | 0 | get 0.0000% / 8h | 3h 46m | $64K | $12K | 20x |
| Short | KuCoin XLEUSDTM | 62.420 | −0.0292 | pay 0.0292% / 8h | 3h 46m | $797K | $646K | 20x |
Gate XLE_USDT
KuCoin XLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- −$61.32
- Price spread: −0.128% → 0.000%
- −$12.8
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$101.12
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; KuCoin: live order book, 42 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 42 min ago | 4.01 bp | 177.6 bp −$178 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0292% | 8h | 62.420 | −0.128% | $797K | $646K | 20x | |
| edgeX XLEUSDC | −0.0195% | 4h | 62.519 | +0.031% | $48K | $209K | 10x | as long as short |
| BloFin XLE-USDT | −0.0014% | 8h | 62.510 | +0.016% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.521 | +0.033% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.554 | +0.086% | $792K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.530 | +0.048% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.530 | +0.048% | $300K | $559K | 20x | as long as short |
| Gate XLE_USDTlong | 0.0000% | 8h | 62.500 | long leg | $64K | $12K | 20x | |
| MEXC XLE_USDT | 0.0000% | 8h | 62.530 | +0.048% | $219K | $86K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.510 | +0.016% | $95K | $81K | 20x | as long as short |
edgeX XLEUSDC
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
MEXC XLE_USDT
Bitget XLEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLE | 0.0000% | 8h | 62.494 | −0.009% | $44K | $14K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.500 | 0.000% | $13K | $174K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.552 | +0.083% | $1K | $4.6M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.454 | −0.074% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0026% | 1h | 62.520 | +0.032% | $1.2M | $4.4M | 30x | as long as short |
| tradeXYZ xyz:XLE | +0.0477% | 1h | 62.477 | −0.037% | $2.4M | $3.8M | 20x | as long as short |
Variational Omni XLE
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
tradeXYZ xyz:XLE