XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0234%/8h= −25.6% APRnext payment −$2.34 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against OKX−0.016%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$428as in the Funding arb table

Net, price: spread back to 7d avg − costs−$430as in the Price arb table

costs, in and out, $10k−$4304.299% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.016%, 7d avg −0.011%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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	OKX XLE-USDT-SWAP	62.720	0	get 0.0000% / 8h	1h 38m	$302K	$570K	20x
Short	KuCoin XLEUSDTM	62.710	−0.0234	pay 0.0234% / 8h	1h 38m	$808K	$690K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$49.14
Price spread: −0.016% → −0.011%: −$0.53
Slippage, 4 orders: −$407.95
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$479.62
Costs to cover: 4.299%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 41 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 OKX live order book, 3 min ago	6.38 bp	21.5 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	10.36 bp	96.0 bp −$96	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	−0.0234%	8h	62.710	−0.016%	$808K	$690K	20x
edgeX XLEUSDC	−0.0028%	4h	62.760	+0.064%	$48K	$208K	10x	as long as short
BloFin XLE-USDT	−0.0015%	8h	62.740	+0.032%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.764	+0.070%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.770	+0.080%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.770	+0.080%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.720	long leg	$302K	$570K	20x
Gate XLE_USDT	0.0000%	8h	62.700	−0.032%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.770	+0.080%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.760	+0.064%	$95K	$87K	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	62.764	+0.070%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.742	+0.034%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.780	+0.096%	$1K	$4.4M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.718	−0.003%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0031%	1h	62.740	+0.032%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.716	−0.006%	$2.4M	$3.8M	20x	as long as short