XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0219%/8h= −24.0% APRnext payment −$2.19 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against MEXC−0.255%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$404as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$4074.074% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.255%, 7d avg −0.078%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.177% cheaper against MEXC than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.078%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 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	MEXC XLE_USDT	62.770	0	get 0.0000% / 8h	1h 52m	$220K	$85K	20x
Short	KuCoin XLEUSDTM	62.610	−0.0219	pay 0.0219% / 8h	1h 52m	$806K	$691K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.255%Rate

Funding earned: −$45.99
Price spread: −0.255% → −0.078%: −$17.73
Slippage, 4 orders: −$395.4
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$471.12
Costs to cover: 4.074%
Break-even: never at this rate

Slippage from MEXC: live order book, 37 min ago; KuCoin: live order book, 27 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 MEXC live order book, 37 min ago	5.58 bp	11.4 bp −$11	121.5 bp −$1,215	206.3 bp −$20.6K	doesn't fit
Sell KuCoin live order book, 27 min ago	10.36 bp	96.0 bp −$96	doesn't fit	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 XLEUSDTMshort	−0.0219%	8h	62.610	−0.255%	$806K	$691K	20x
BloFin XLE-USDT	0.0000%	8h	62.760	−0.016%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.726	−0.070%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.800	+0.048%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.790	+0.032%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.670	−0.159%	$301K	$575K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.112%	$64K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.770	long leg	$220K	$85K	20x
Bitget XLEUSDT	0.0000%	8h	62.800	+0.048%	$95K	$82K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.729	−0.065%	$44K	$15K	—	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	62.790	+0.033%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.815	+0.072%	$2K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.651	−0.190%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0031%	1h	62.790	+0.032%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0075%	1h	62.708	−0.099%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0604%	4h	62.797	+0.042%	$48K	$208K	10x	as long as short