Funding you earn now, next payment 08:00 UTC−0.0282%/8h= −30.9% APRnext payment −$2.82 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against GRVT−0.253%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$620as in the Funding arb table
Net, price: spread back to 7d avg − costs−$639as in the Price arb table
costs, in and out, $10k−$6246.244% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.253%, 7d avg −0.109%
=Together, before fees+0.294%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.144% cheaper against GRVT than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.109%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.82 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 | GRVT XLE_USDT_Perp | 62.599 | 0 | get 0.0000% / 8h | 3h 19m | $13K | $174K | 10x |
| Short | KuCoin XLEUSDTM | 62.440 | −0.0282 | pay 0.0282% / 8h | 3h 19m | $802K | $643K | 20x |
GRVT XLE_USDT_Perp
KuCoin XLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against GRVT. 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
- −$59.22
- Price spread: −0.253% → −0.109%
- −$14.4
- Slippage, 4 orders
- −$603.37
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$697.99
- Costs to cover
- 6.244%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 33 min ago; KuCoin: 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 GRVT live order book, 33 min ago | 3.20 bp | 32.0 bp −$32 | 93.0 bp −$930 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 7.22 bp | 94.2 bp −$94 | 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 | −0.0282% | 8h | 62.440 | −0.253% | $802K | $643K | 20x | |
| BloFin XLE-USDT | −0.0014% | 8h | 62.590 | −0.014% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.569 | −0.047% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.638 | +0.064% | $791K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.590 | −0.014% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.580 | −0.030% | $300K | $560K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.530 | −0.110% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.580 | −0.030% | $219K | $87K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.590 | −0.014% | $95K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.574 | −0.039% | $44K | $15K | — | as long as short |
BloFin XLE-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT XLE_USDT_Perplong | 0.0000% | 8h | 62.599 | long leg | $13K | $174K | 10x | |
| SunX XLE-USDT | 0.0000% | 8h | 62.636 | +0.060% | $1K | $4.6M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.461 | −0.220% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0026% | 1h | 62.550 | −0.078% | $1.2M | $4.2M | 30x | as long as short |
| tradeXYZ xyz:XLE | +0.0197% | 1h | 62.566 | −0.052% | $2.4M | $3.8M | 20x | as long as short |
| edgeX XLEUSDC | +0.0534% | 4h | 62.571 | −0.043% | $48K | $209K | 10x | as long as short |
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
tradeXYZ xyz:XLE
edgeX XLEUSDC