XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.051%

Price spread now: QFEX against tradeXYZ−0.029%7-day average +0.046% · 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−$53as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.029%, 7d avg +0.046%

Together, before fees+0.053%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.074% cheaper against tradeXYZ than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:XLE	62.548	0.0053	pay 0.0007% / 1h	56m 34s	$2.4M	$3.9M	20x
Short	QFEX XLE-USD	62.530	0.0047	get 0.0006% / 1h	56m 34s	$1.2M	$6.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$1.17
Price spread: −0.029% → +0.046%: −$7.44
Slippage, 4 orders: −$17.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$53.97
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; QFEX: live order book, 12 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, 2 min ago	2.80 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	2.40 bp	9.1 bp −$9	16.0 bp −$160	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
edgeX XLEUSDC	−0.0664%	4h	62.587	+0.063%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0166%	8h	62.410	−0.221%	$781K	$640K	20x	as long as short
BloFin XLE-USDT	−0.0008%	8h	62.460	−0.141%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.567	+0.031%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.570	+0.035%	$797K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.540	−0.013%	$324K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	−0.141%	$299K	$563K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.560	+0.019%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.560	+0.019%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	+0.003%	$94K	$90K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.584	+0.058%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.576	+0.045%	$2K	$5.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.647	+0.158%	$5K	$34K	10x	as long as short
QFEX XLE-USDshort	+0.0047%	1h	62.530	−0.029%	$1.2M	$6.0M	30x
tradeXYZ xyz:XLElong	+0.0053%	1h	62.548	long leg	$2.4M	$3.9M	20x
GRVT XLE_USDT_Perp	+0.0177%	8h	62.590	+0.067%	$13K	$176K	10x	as long as short