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: KuCoin against MEXC−0.128%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$465as in the Funding arb table
Net, price: spread back to 7d avg − costs−$474as in the Price arb table
costs, in and out, $10k−$4684.680% of the position
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%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.056% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
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 | MEXC XLE_USDT | 62.460 | 0 | get 0.0000% / 8h | 5h 21m | $219K | $87K | 20x |
| Short | KuCoin XLEUSDTM | 62.380 | −0.0315 | pay 0.0315% / 8h | 5h 21m | $794K | $649K | 20x |
MEXC XLE_USDT
KuCoin XLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.15
- Price spread: −0.128% → −0.072%
- −$5.57
- Slippage, 4 orders
- −$455.95
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$539.67
- Costs to cover
- 4.680%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 22 min ago; KuCoin: live order book, 12 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 MEXC live order book, 22 min ago | 2.40 bp | 10.5 bp −$10 | 83.3 bp −$833 | 209.4 bp −$20.9K | 279.2 bp −$139.6K |
| Sell KuCoin live order book, 12 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX XLEUSDC | −0.0443% | 4h | 62.462 | +0.004% | $48K | $209K | 10x | as long as short |
| KuCoin XLEUSDTMshort | −0.0315% | 8h | 62.380 | −0.128% | $794K | $649K | 20x | |
| Aster XLEUSDT | 0.0000% | 8h | 62.472 | +0.019% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.469 | +0.015% | $795K | $1.1M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.450 | −0.016% | $322K | $206K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.450 | −0.016% | $299K | $558K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.450 | −0.016% | $61K | $11K | 20x | as long as short |
| MEXC XLE_USDTlong | 0.0000% | 8h | 62.460 | long leg | $219K | $87K | 20x | |
| Bitget XLEUSDT | 0.0000% | 8h | 62.490 | +0.048% | $95K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.467 | +0.012% | $44K | $14K | — | as long as short |
edgeX XLEUSDC
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
Bitget XLEUSDT
Variational Omni XLEShow 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 | +0.002% | $13K | $174K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.461 | +0.002% | $2K | $4.7M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.550 | +0.144% | $5K | $34K | 10x | as long as short |
| BloFin XLE-USDT | +0.0029% | 8h | 62.450 | −0.016% | $14K | $9K | 20x | as long as short |
| tradeXYZ xyz:XLE | +0.0050% | 1h | 62.446 | −0.022% | $2.4M | $3.8M | 20x | as long as short |
| QFEX XLE-USD | +0.0057% | 1h | 62.460 | 0.000% | $1.2M | $5.2M | 30x | as long as short |
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
BloFin XLE-USDT
tradeXYZ xyz:XLE
QFEX XLE-USD