XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0222%/8h= −24.3% APRnext payment −$2.22 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Bybit−0.096%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$541as in the Funding arb table

Net, price: spread back to 7d avg − costs−$550as in the Price arb table

costs, in and out, $10k−$5445.442% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.096%, 7d avg −0.036%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.060% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.22 per $10,000. 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	Bybit XLEUSDT	62.500	0	get 0.0000% / 8h	4h 34m	$322K	$205K	25x
Short	KuCoin XLEUSDTM	62.440	−0.0222	pay 0.0222% / 8h	4h 34m	$792K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$46.62
Price spread: −0.096% → −0.036%: −$5.99
Slippage, 4 orders: −$521.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$596.78
Costs to cover: 5.442%
Break-even: never at this rate

Slippage from Bybit: live order book, 15 min ago; KuCoin: live order book, 60 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 Bybit live order book, 15 min ago	2.40 bp	11.8 bp −$12	167.9 bp −$1,679	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 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	−0.0222%	8h	62.440	−0.096%	$792K	$645K	20x
edgeX XLEUSDC	−0.0180%	4h	62.501	+0.002%	$48K	$209K	10x	as long as short
BloFin XLE-USDT	−0.0023%	8h	62.510	+0.016%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.484	−0.026%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.538	+0.060%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.500	long leg	$322K	$205K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	+0.016%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.510	+0.016%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	+0.016%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.510	+0.016%	$96K	$81K	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	62.514	+0.022%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.493	−0.012%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.531	+0.050%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.505	+0.008%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	0.000%	$1.2M	$4.5M	30x	as long as short
tradeXYZ xyz:XLE	+0.0092%	1h	62.484	−0.026%	$2.4M	$3.8M	20x	as long as short