XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0309%/8h= +33.8% APRnext payment +$3.09 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against KuCoin+0.176%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$553as in the Funding arb table

Net, price: spread back to 7d avg − costs−$479as in the Price arb table

costs, in and out, $10k−$4884.880% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.652%−$65 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.176%, 7d avg +0.088%

Together, before fees−0.704%−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.088% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.088%. Mind the row above: over the last 7 days funding on this pair cost −0.652%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XLEUSDTM	62.360	−0.0309	get 0.0309% / 8h	5h 29m	$793K	$652K	20x
Short	Binance XLEUSDT	62.470	0	get 0.0000% / 8h	5h 29m	$795K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.176%Rate

Funding earned: $64.89
Price spread: +0.176% → +0.088%: $8.8
Slippage, 4 orders: −$466.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$414.35
Costs to cover: 4.880%
Break-even: 51.7 days

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 3 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 KuCoin live order book, 4 min ago	5.62 bp	302.7 bp −$303	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.40 bp	15.8 bp −$16	77.7 bp −$777	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 XLEUSDTMlong	−0.0309%	8h	62.360	long leg	$793K	$652K	20x
BloFin XLE-USDT	−0.0022%	8h	62.350	−0.016%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.454	+0.151%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.470	+0.176%	$795K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.440	+0.128%	$322K	$206K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.440	+0.128%	$299K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.450	+0.144%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	+0.176%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	+0.192%	$95K	$83K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.457	+0.156%	$44K	$14K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.468	+0.173%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.466	+0.170%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.482	+0.196%	$5K	$34K	10x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.447	+0.140%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.460	+0.160%	$1.2M	$5.4M	30x	as long as short
edgeX XLEUSDC	+0.0561%	4h	62.453	+0.150%	$48K	$210K	10x	as long as short