Funding you earn now, next payment 03:00 UTC+0.0596%/8h= +65.3% APRpaid last 24h −0.006%
Price spread now: edgeX against tradeXYZ+0.036%46s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.036%, 7d avg +0.080%
=Together, before fees+0.040%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.044% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.080%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.073% in total) that is about 4.2 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:XLE | 62.478 | 0.0050 | pay 0.0006% / 1h | 0m 41s | $2.4M | $3.8M | 20x |
| Short | edgeX XLEUSDC | 62.501 | 0.0646 | get 0.0323% / 4h | 1h 00m | $48K | $210K | 10x |
tradeXYZ xyz:XLE
edgeX XLEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. 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
- $125.19
- Price spread: +0.036% → +0.080%
- −$4.37
- Slippage, 4 orders
- −$41.62
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $52.2
- Costs to cover
- 0.686%
- Break-even
- 4.1 days
Slippage from tradeXYZ: live order book, 8 min ago; edgeX: live order book, 61 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 tradeXYZ live order book, 8 min ago | 5.60 bp | 16.6 bp −$17 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 61 min ago | 8.80 bp | 16.1 bp −$16 | 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 XLEUSDTM | −0.0266% | 8h | 62.430 | −0.077% | $794K | $645K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.484 | +0.009% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.508 | +0.048% | $795K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.470 | −0.013% | $322K | $205K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.490 | +0.019% | $299K | $558K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.480 | +0.003% | $61K | $11K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.500 | +0.035% | $219K | $88K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.500 | +0.035% | $96K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.503 | +0.040% | $44K | $14K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.487 | +0.015% | $14K | $175K | 10x | as long as short |
KuCoin XLEUSDTM
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLE
GRVT XLE_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX XLE-USDT | 0.0000% | 8h | 62.510 | +0.051% | $2K | $4.7M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.576 | +0.157% | $5K | $34K | 10x | as long as short |
| BloFin XLE-USDT | +0.0007% | 8h | 62.510 | +0.051% | $58K | $9K | 20x | as long as short |
| tradeXYZ xyz:XLElong | +0.0050% | 1h | 62.478 | long leg | $2.4M | $3.8M | 20x | |
| QFEX XLE-USD | +0.0057% | 1h | 62.490 | +0.019% | $1.2M | $4.9M | 30x | as long as short |
| edgeX XLEUSDCshort | +0.0646% | 4h | 62.501 | +0.036% | $48K | $210K | 10x |
SunX XLE-USDT
HTX XLE-USDT
BloFin XLE-USDT
QFEX XLE-USD