XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0264%/8h= +28.9% APRnext payment +$2.64 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against KuCoin+0.208%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$665as in the Funding arb table

Net, price: spread back to 7d avg − costs−$645as in the Price arb table

costs, in and out, $10k−$6626.617% of the position

Long on KuCoin Short on Bybit

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)−0.208%−$21 · spread now +0.208%, 7d avg +0.039%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.169% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.039%.

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 +$2.64 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	KuCoin XLEUSDTM	62.520	−0.0264	get 0.0264% / 8h	3h 04m	$800K	$647K	20x
Short	Bybit XLEUSDT	62.650	0	get 0.0000% / 8h	3h 04m	$323K	$201K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.208%Rate

Funding earned: $55.44
Price spread: +0.208% → +0.039%: $16.92
Slippage, 4 orders: −$638.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$589.38
Costs to cover: 6.617%
Break-even: 81.4 days

Slippage from KuCoin: live order book, 20 min ago; Bybit: live order book, 40 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, 20 min ago	7.22 bp	471.4 bp −$471	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 40 min ago	2.40 bp	83.4 bp −$83	225.4 bp −$2,254	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	−0.0264%	8h	62.520	long leg	$800K	$647K	20x
edgeX XLEUSDC	−0.0073%	4h	62.667	+0.235%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.597	+0.122%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.670	+0.240%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDTshort	0.0000%	8h	62.650	+0.208%	$323K	$201K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	+0.032%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.540	+0.032%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.620	+0.160%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	+0.048%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.669	+0.238%	$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	62.640	+0.192%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.672	+0.243%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.590	+0.112%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0011%	8h	62.600	+0.128%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.630	+0.176%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0098%	1h	62.593	+0.117%	$2.4M	$3.8M	20x	as long as short