XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0315%/8h= +34.5% APRnext payment +$3.15 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against KuCoin+0.128%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$471as in the Funding arb table

Net, price: spread back to 7d avg − costs−$462as in the Price arb table

costs, in and out, $10k−$4684.680% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.128%, 7d avg +0.072%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.056% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.072%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.15 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	62.380	−0.0315	get 0.0315% / 8h	5h 21m	$794K	$649K	20x
Short	MEXC XLE_USDT	62.460	0	get 0.0000% / 8h	5h 21m	$219K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: $66.15
Price spread: +0.128% → +0.072%: $5.58
Slippage, 4 orders: −$455.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$396.22
Costs to cover: 4.680%
Break-even: 48.9 days

Slippage from KuCoin: live order book, 12 min ago; MEXC: live order book, 22 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, 12 min ago	5.62 bp	302.7 bp −$303	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 22 min ago	2.40 bp	9.2 bp −$9	106.3 bp −$1,063	213.0 bp −$21.3K	280.0 bp −$140.0K

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	−0.0443%	4h	62.462	+0.132%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTMlong	−0.0315%	8h	62.380	long leg	$794K	$649K	20x
Aster XLEUSDT	0.0000%	8h	62.472	+0.147%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.469	+0.143%	$795K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.450	+0.112%	$322K	$206K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.450	+0.112%	$299K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.450	+0.112%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.460	+0.128%	$219K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.490	+0.176%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.467	+0.140%	$44K	$14K	—	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	62.461	+0.130%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.461	+0.130%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.550	+0.273%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0029%	8h	62.450	+0.112%	$14K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.446	+0.106%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.460	+0.128%	$1.2M	$5.2M	30x	as long as short