XLE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXXLE-USD	61.880	0	0.0000% / 1h	4m 45s	$1.1M	$941K	30x	Long QFEX37% off
SHORT	KuCoinXLEUSDTM	62.060	+0.0861	get 0.0861% / 8h	6h 04m	$599K	$666K	20x	Short KuCoin

Price gap+0.291%

Funding gap+0.0861% /8h

Both sides work: funding pays +$26 a day on $10k, and the gap is 0.087% above its 7d average: +$9 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$37+0.0861% /8h now · paid +0.368% over the last 7D

Price+$9spread +0.291% now, avg +0.204% → +0.087% if it goes back

Costs−$1,44014.402% of $10k · taker + slippage, in and out

Result−$1,395−13.95%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.368% in total, about +0.0175%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.291%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XLE on 17 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size10.6 / 316.9 bp
At $10k entering KuCoin costs 316.9 bp, fee and slippage, 29.8× QFEX’s.
Note: Margin at max leverage$333 + $500
QFEX 30x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$25.83Long QFEX: 24 payments, $0.00; short KuCoin: 3 payments, +$25.83.
OK: Entry gap works for you+0.291% vs +0.204%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$599K vs $1.1M OI
KuCoin sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · KuCoin Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0175%/8h × 21 periods+$36.83

Price spread+0.291% → +0.204% (7d avg)+$8.69

Slippage, 4 orderslive order books−$1,418.20

Fee QFEX bp × 2 orders−$10.00

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$1,394.68

Costs to cover14.402%Break-even272.1 days

Slippage: QFEX: live order book, 4 min ago; KuCoin: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX2.4210.6 bp−$1113.9 bp−$139doesn’t fitdoesn’t fit

SELL · SHORTKuCoin3.23316.9 bp−$317doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

XLE