XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against GRVT−0.128%81s7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as 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−$1101.099% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now −0.128%, 7d avg −0.117%

Together, before fees+0.195%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.117%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XLE_USDT_Perp	62.510	0.0039	pay 0.0039% / 8h	20m 10s	$13K	$182K	10x
Short	OKX XLE-USDT-SWAP	62.430	0	get 0.0000% / 8h	20m 10s	$298K	$621K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee OKXbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$8.19
Price spread: −0.128% → −0.117%: −$1.1
Slippage, 4 orders: −$90.88
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$119.16
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from GRVT: live order book, 57 min ago; OKX: live order book, 56 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, 57 min ago	7.99 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 56 min ago	4.80 bp	19.6 bp −$20	211.8 bp −$2,118	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 XLEUSDTM	−0.0129%	8h	62.360	−0.240%	$775K	$600K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.481	−0.046%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.510	0.000%	$798K	$1.5M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.480	−0.048%	$325K	$257K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.430	−0.128%	$298K	$621K	20x
Gate XLE_USDT	0.0000%	8h	62.510	0.000%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	0.000%	$219K	$111K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	−0.048%	$94K	$153K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.532	+0.035%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.525	+0.024%	$2K	$6.1M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.603	+0.149%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0001%	8h	62.440	−0.112%	$57K	$9K	20x	as long as short
GRVT XLE_USDT_Perplong	+0.0039%	8h	62.510	long leg	$13K	$182K	10x
QFEX XLE-USD	+0.0047%	1h	62.540	+0.048%	$1.3M	$5.8M	30x	as long as short
tradeXYZ xyz:XLE	+0.0161%	1h	62.484	−0.041%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDC	+0.0534%	4h	62.526	+0.026%	$48K	$210K	10x	as long as short