XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0269%/8h= +29.5% APRnext payment +$2.69 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against KuCoin+0.064%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$508as in the Funding arb table

Net, price: spread back to 7d avg − costs−$499as in the Price arb table

costs, in and out, $10k−$5065.057% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.235%−$23 · spread now +0.064%, 7d avg +0.002%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.062% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.002%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.69 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	62.450	−0.0269	get 0.0269% / 8h	5h 02m	$794K	$646K	20x
Short	OKX XLE-USDT-SWAP	62.490	0	get 0.0000% / 8h	5h 02m	$299K	$558K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $56.49
Price spread: +0.064% → +0.002%: $6.23
Slippage, 4 orders: −$483.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$443.01
Costs to cover: 5.057%
Break-even: 61.9 days

Slippage from KuCoin: live order book, 32 min ago; OKX: live order book, 58 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, 32 min ago	5.62 bp	302.7 bp −$303	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	8.81 bp	31.0 bp −$31	263.3 bp −$2,633	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	−0.0269%	8h	62.450	long leg	$794K	$646K	20x
BloFin XLE-USDT	−0.0014%	8h	62.400	−0.080%	$14K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.489	+0.062%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.517	+0.108%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.490	+0.064%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.490	+0.064%	$299K	$558K	20x
Gate XLE_USDT	0.0000%	8h	62.480	+0.048%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.520	+0.112%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	+0.080%	$96K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.493	+0.069%	$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	62.482	+0.051%	$14K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.520	+0.112%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.475	+0.040%	$5K	$34K	10x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.478	+0.045%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.500	+0.080%	$1.2M	$5.0M	30x	as long as short
edgeX XLEUSDC	+0.0646%	4h	62.501	+0.081%	$48K	$210K	10x	as long as short