Funding you earn now, next payment 07:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.008%
Price spread now: Binance against QFEX+0.045%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 4 days (all we have)−0.579%−$58 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now +0.045%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX XLE-USD | 62.740 | 0.0031 | pay 0.0004% / 1h | 38m 37s | $1.2M | $4.1M | 30x |
| Short | Binance XLEUSDT | 62.768 | 0 | get 0.0000% / 8h | 1h 38m | $795K | $1.0M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- −$6.43
- Price spread: +0.045% → +0.044%
- $0.06
- Slippage, 4 orders
- −$38.06
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$64.43
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 9 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 QFEX live order book, 5 min ago | 3.98 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.39 bp | 20.4 bp −$20 | 87.6 bp −$876 | 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 XLEUSDTM | −0.0234% | 8h | 62.710 | −0.048% | $808K | $690K | 20x | as long as short |
| edgeX XLEUSDC | −0.0028% | 4h | 62.760 | +0.032% | $48K | $208K | 10x | as long as short |
| BloFin XLE-USDT | −0.0015% | 8h | 62.740 | 0.000% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.755 | +0.024% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDTshort | 0.0000% | 8h | 62.768 | +0.045% | $795K | $1.0M | 20x | |
| Bybit XLEUSDT | 0.0000% | 8h | 62.770 | +0.048% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.720 | −0.032% | $302K | $570K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.700 | −0.064% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.770 | +0.048% | $220K | $86K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.760 | +0.032% | $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 | +0.038% | $44K | $15K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.742 | +0.002% | $13K | $170K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.770 | +0.048% | $1K | $4.4M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.693 | −0.075% | $5K | $35K | 10x | as long as short |
| QFEX XLE-USDlong | +0.0031% | 1h | 62.740 | long leg | $1.2M | $4.1M | 30x | |
| tradeXYZ xyz:XLE | +0.0050% | 1h | 62.702 | −0.061% | $2.4M | $3.8M | 20x | as long as short |
Binance XLEUSDT
KuCoin XLEUSDTM
edgeX XLEUSDC
BloFin XLE-USDT
Aster XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLE
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
tradeXYZ xyz:XLE