XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0063%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.010%

Price spread now: tradeXYZ against QFEX−0.082%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$900.896% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.082%, 7d avg −0.051%

Together, before fees+0.142%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.032% cheaper against QFEX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.051%). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.002% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XLE-USD	61.920	0.0058	pay 0.0007% / 1h	44m 31s	$1.2M	$4.1M	30x
Short	tradeXYZ xyz:XLE	61.869	0.0121	get 0.0015% / 1h	44m 31s	$2.3M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against QFEX. 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 QFEXbpFee tradeXYZbpOrdersPrice spread, now −0.082%Rate

Funding earned: $13.14
Price spread: −0.082% → −0.051%: −$3.18
Slippage, 4 orders: −$61.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$79.63
Costs to cover: 0.896%
Break-even: 49.4 days

Slippage from QFEX: live order book, 7 min ago; tradeXYZ: live order book, 7 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 QFEX live order book, 7 min ago	25.84 bp	35.5 bp −$36	43.2 bp −$432	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.24 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

XLE on 16 exchanges

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	−0.0500%	4h	61.935	+0.024%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0334%	8h	62.050	+0.210%	$1.0M	$930K	20x	as long as short
BloFin XLE-USDT	0.0000%	8h	61.890	−0.048%	$59K	$10K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	61.969	+0.080%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	61.955	+0.056%	$772K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	61.910	−0.016%	$309K	$216K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	61.880	−0.065%	$294K	$483K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	61.860	−0.097%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	61.920	0.000%	$221K	$84K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	61.910	−0.016%	$94K	$74K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	61.924	+0.007%	$44K	$10K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	61.937	+0.027%	$13K	$143K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	61.946	+0.042%	$2K	$3.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	61.756	−0.265%	$5K	$35K	10x	as long as short
QFEX XLE-USDlong	+0.0058%	1h	61.920	long leg	$1.2M	$4.1M	30x
tradeXYZ xyz:XLEshort	+0.0121%	1h	61.869	−0.082%	$2.3M	$4.1M	20x