XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0288%/8h= +31.5% APRnext payment +$2.88 per $10,000 · paid last 24h +0.042%

Price spread now: Bybit against KuCoin+0.224%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$602as in the Funding arb table

Net, price: spread back to 7d avg − costs−$585as in the Price arb table

costs, in and out, $10k−$6036.031% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.348%−$35 · spread now +0.224%, 7d avg +0.046%

Together, before fees−0.333%−$33 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 Bybit is 0.178% dearer against KuCoin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.046%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.88 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	KuCoin XLEUSDTM	62.630	−0.0288	get 0.0288% / 8h	7h 43m	$830K	$795K	20x
Short	Bybit XLEUSDT	62.770	0	get 0.0000% / 8h	7h 43m	$320K	$204K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.224%Rate

Funding earned: $60.48
Price spread: +0.224% → +0.046%: $17.77
Slippage, 4 orders: −$580.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$524.83
Costs to cover: 6.031%
Break-even: 67.7 days

Slippage from KuCoin: live order book, 21 min ago; Bybit: live order book, 46 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, 21 min ago	9.60 bp	424.6 bp −$425	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 46 min ago	3.98 bp	112.9 bp −$113	235.4 bp −$2,354	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 XLEUSDC	−0.0946%	4h	62.756	+0.202%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTMlong	−0.0288%	8h	62.630	long leg	$830K	$795K	20x
BloFin XLE-USDT	−0.0004%	8h	62.670	+0.064%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.742	+0.179%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.820	+0.303%	$789K	$977K	20x	as long as short
Bybit XLEUSDTshort	0.0000%	8h	62.770	+0.224%	$320K	$204K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	+0.160%	$300K	$517K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	+0.112%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.780	+0.240%	$220K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.780	+0.240%	$97K	$72K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.790	+0.255%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.822	+0.307%	$1K	$3.8M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.639	+0.014%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.800	+0.271%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0142%	1h	62.699	+0.110%	$2.3M	$3.8M	20x	as long as short
GRVT XLE_USDT_Perp	+0.1606%	8h	62.779	+0.238%	$13K	$154K	10x	as long as short