Funding you earn now, next payment 05:00 UTC+0.0330%/8h= +36.2% APRpaid last 24h −0.009%
Price spread now: tradeXYZ against OKX−0.064%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.064%, 7d avg −0.011%
=Together, before fees+0.119%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.011%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.138% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% 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 | OKX XLE-USDT-SWAP | 62.530 | 0 | get 0.0000% / 8h | 3h 39m | $300K | $559K | 20x |
| Short | tradeXYZ xyz:XLE | 62.490 | 0.0330 | get 0.0041% / 1h | 39m 39s | $2.4M | $3.8M | 20x |
OKX XLE-USDT-SWAP
tradeXYZ xyz:XLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- $69.4
- Price spread: −0.064% → −0.011%
- −$5.32
- Slippage, 4 orders
- −$58.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$22.08
- Costs to cover
- 0.862%
- Break-even
- 9.2 days
Slippage from OKX: live order book, 11 min ago; tradeXYZ: live order book, 9 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 OKX live order book, 11 min ago | 3.20 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 8.08 bp | 19.2 bp −$19 | 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 XLEUSDTM | −0.0278% | 8h | 62.370 | −0.256% | $795K | $645K | 20x | as long as short |
| BloFin XLE-USDT | −0.0025% | 8h | 62.430 | −0.160% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.520 | −0.016% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.547 | +0.026% | $791K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.530 | 0.000% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAPlong | 0.0000% | 8h | 62.530 | long leg | $300K | $559K | 20x | |
| Gate XLE_USDT | 0.0000% | 8h | 62.510 | −0.032% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.520 | −0.016% | $219K | $86K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.500 | −0.048% | $95K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.524 | −0.010% | $44K | $14K | — | as long as short |
KuCoin XLEUSDTM
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.539 | +0.014% | $13K | $174K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.537 | +0.011% | $1K | $4.6M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.329 | −0.321% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0026% | 1h | 62.500 | −0.048% | $1.2M | $4.4M | 30x | as long as short |
| tradeXYZ xyz:XLEshort | +0.0330% | 1h | 62.490 | −0.064% | $2.4M | $3.8M | 20x | |
| edgeX XLEUSDC | +0.0786% | 4h | 62.527 | −0.005% | $48K | $208K | 10x | as long as short |
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
edgeX XLEUSDC