XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0227%/8h= +24.9% APRnext payment +$2.27 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against KuCoin+0.192%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs−$411as in the Price arb table

costs, in and out, $10k−$4214.212% of the position

Long on KuCoin Short on Binance

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)−0.149%−$15 · spread now +0.192%, 7d avg +0.094%

Together, before fees−0.801%−$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.098% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.094%. Mind the row above: over the last 7 days funding on this pair cost −0.652%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XLEUSDTM	62.630	−0.0227	get 0.0227% / 8h	2h 09m	$805K	$678K	20x
Short	Binance XLEUSDT	62.750	0	get 0.0000% / 8h	2h 09m	$796K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.192%Rate

Funding earned: $47.67
Price spread: +0.192% → +0.094%: $9.76
Slippage, 4 orders: −$399.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$363.76
Costs to cover: 4.212%
Break-even: 60.4 days

Slippage from KuCoin: live order book, 10 min ago; Binance: 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 KuCoin live order book, 10 min ago	10.36 bp	286.8 bp −$287	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.19 bp	21.8 bp −$22	88.4 bp −$884	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 XLEUSDTMlong	−0.0227%	8h	62.630	long leg	$805K	$678K	20x
BloFin XLE-USDT	−0.0029%	8h	62.670	+0.064%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.728	+0.156%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.750	+0.192%	$796K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.750	+0.192%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.670	+0.064%	$302K	$577K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.660	+0.048%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.690	+0.096%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.750	+0.192%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.809	+0.286%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.788	+0.252%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.756	+0.201%	$2K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.688	+0.093%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.730	+0.160%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.706	+0.121%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0987%	4h	62.800	+0.271%	$48K	$208K	10x	as long as short