Funding you earn now, next payment 02:00 UTC−0.0942%/8h= −103.2% APRpaid last 24h +0.026%
Price spread now: edgeX against tradeXYZ+0.055%106s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.055%, 7d avg +0.080%
=Together, before fees+0.068%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and edgeX is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.146%, so the current rate has only just turned against you. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% 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 | tradeXYZ xyz:XLE | 62.533 | 0.0129 | pay 0.0016% / 1h | 33m 52s | $2.4M | $3.9M | 20x |
| Short | edgeX XLEUSDC | 62.568 | −0.0813 | pay 0.0407% / 4h | 2h 33m | $48K | $209K | 10x |
tradeXYZ xyz:XLE
edgeX XLEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. 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
- −$197.91
- Price spread: +0.055% → +0.080%
- −$2.43
- Slippage, 4 orders
- −$29.03
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$256.37
- Costs to cover
- 0.560%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; edgeX: live order book, 33 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 tradeXYZ live order book, 3 min ago | 2.56 bp | 13.2 bp −$13 | 46.9 bp −$469 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 33 min ago | 7.99 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
XLE on 15 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 XLEUSDCshort | −0.0813% | 4h | 62.568 | +0.055% | $48K | $209K | 10x | |
| KuCoin XLEUSDTM | −0.0208% | 8h | 62.460 | −0.117% | $787K | $651K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.578 | +0.073% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.586 | +0.085% | $798K | $1.1M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.550 | +0.027% | $323K | $208K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.570 | +0.059% | $299K | $564K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.580 | +0.075% | $61K | $11K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.580 | +0.075% | $219K | $87K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.560 | +0.043% | $95K | $86K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.580 | +0.076% | $44K | $15K | — | as long as short |
KuCoin XLEUSDTM
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLEShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX XLE-USDT | 0.0000% | 8h | 62.586 | +0.085% | $2K | $5.0M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.675 | +0.227% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0047% | 1h | 62.560 | +0.043% | $1.2M | $6.0M | 30x | as long as short |
| GRVT XLE_USDT_Perp | +0.0074% | 8h | 62.579 | +0.073% | $13K | $175K | 10x | as long as short |
| tradeXYZ xyz:XLElong | +0.0129% | 1h | 62.533 | long leg | $2.4M | $3.9M | 20x |
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
GRVT XLE_USDT_Perp