Funding you earn now, next payment 01:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h −0.054%
Price spread now: tradeXYZ against KuCoin+0.205%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$472as in the Funding arb table
Net, price: spread back to 7d avg − costs−$461as in the Price arb table
costs, in and out, $10k−$4834.828% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.205%, 7d avg −0.013%
=Together, before fees−0.170%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and tradeXYZ is 0.218% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.013%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment. 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 | 62.420 | −0.0165 | get 0.0165% / 8h | 6h 59m | $779K | $638K | 20x |
| Short | tradeXYZ xyz:XLE | 62.548 | 0.0423 | get 0.0053% / 1h | 59m 57s | $2.4M | $3.9M | 20x |
KuCoin XLEUSDTM
tradeXYZ xyz:XLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against KuCoin. 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
- $123.58
- Price spread: +0.205% → −0.013%
- $21.81
- Slippage, 4 orders
- −$452.79
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$337.4
- Costs to cover
- 4.828%
- Break-even
- 26.1 days
Slippage from KuCoin: live order book, 54 min ago; tradeXYZ: live order book, 8 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, 54 min ago | 11.23 bp | 322.2 bp −$322 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 2.72 bp | 13.1 bp −$13 | 22.8 bp −$228 | 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 | −0.0674% | 4h | 62.589 | +0.272% | $48K | $210K | 10x | as long as short |
| KuCoin XLEUSDTMlong | −0.0165% | 8h | 62.420 | long leg | $779K | $638K | 20x | |
| BloFin XLE-USDT | 0.0000% | 8h | 62.530 | +0.176% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.561 | +0.226% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.594 | +0.278% | $797K | $1.1M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.530 | +0.176% | $323K | $208K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.530 | +0.176% | $299K | $564K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.590 | +0.272% | $61K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.570 | +0.240% | $219K | $103K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.520 | +0.160% | $94K | $90K | 20x | as long as short |
edgeX XLEUSDC
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLE | 0.0000% | 8h | 62.584 | +0.263% | $44K | $15K | — | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.606 | +0.298% | $2K | $5.1M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.538 | +0.189% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0043% | 1h | 62.580 | +0.256% | $1.2M | $6.0M | 30x | as long as short |
| GRVT XLE_USDT_Perp | +0.0179% | 8h | 62.590 | +0.273% | $13K | $175K | 10x | as long as short |
| tradeXYZ xyz:XLEshort | +0.0423% | 1h | 62.548 | +0.205% | $2.4M | $3.9M | 20x |
Variational Omni XLE
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
GRVT XLE_USDT_Perp