XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0316%/8h= −34.6% APRnext payment −$3.16 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance−0.208%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$423as in the Funding arb table

Net, price: spread back to 7d avg − costs−$500as in the Price arb table

costs, in and out, $10k−$4884.880% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.652%+$65 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.208%, 7d avg −0.088%

Together, before fees+0.736%+$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.120% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.088%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.652%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.470	0	get 0.0000% / 8h	5h 25m	$795K	$1.1M	20x
Short	KuCoin XLEUSDTM	62.340	−0.0316	pay 0.0316% / 8h	5h 25m	$793K	$651K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.208%Rate

Funding earned: −$66.36
Price spread: −0.208% → −0.088%: −$11.97
Slippage, 4 orders: −$466.04
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$566.38
Costs to cover: 4.880%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 8 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 Binance live order book, 7 min ago	2.40 bp	23.9 bp −$24	77.1 bp −$771	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	5.62 bp	145.6 bp −$146	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 XLEUSDTMshort	−0.0316%	8h	62.340	−0.208%	$793K	$651K	20x
Aster XLEUSDT	0.0000%	8h	62.460	−0.015%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.470	long leg	$795K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.440	−0.048%	$322K	$206K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	−0.016%	$299K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.460	−0.016%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	0.000%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.490	+0.032%	$95K	$82K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.467	−0.004%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.459	−0.018%	$13K	$174K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.476	+0.010%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.360	−0.176%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0023%	8h	62.460	−0.016%	$58K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.447	−0.037%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.460	−0.016%	$1.2M	$5.4M	30x	as long as short
edgeX XLEUSDC	+0.0692%	4h	62.457	−0.021%	$48K	$208K	10x	as long as short