XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0276%/8h= −30.2% APRnext payment −$2.76 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance−0.211%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$720as in the Funding arb table

Net, price: spread back to 7d avg − costs−$797as in the Price arb table

costs, in and out, $10k−$7857.847% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.652%+$65 on $10k

Price spread, last 2 days (all we have)+0.113%+$11 · spread now −0.211%, 7d avg −0.090%

Together, before fees+0.765%+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.121% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.652%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.442	0	get 0.0000% / 8h	5h 50m	$796K	$1.1M	20x
Short	KuCoin XLEUSDTM	62.310	−0.0276	pay 0.0276% / 8h	5h 50m	$793K	$649K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$57.96
Price spread: −0.211% → −0.090%: −$12.14
Slippage, 4 orders: −$762.74
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$854.85
Costs to cover: 7.847%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 49 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 Binance live order book, 12 min ago	3.20 bp	13.5 bp −$13	71.1 bp −$711	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	6.41 bp	164.7 bp −$165	doesn't fit	doesn't fit	doesn't fit

XLE on 15 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	−0.0276%	8h	62.310	−0.211%	$793K	$649K	20x
edgeX XLEUSDC	−0.0270%	4h	62.440	−0.002%	$48K	$209K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.441	−0.002%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.442	long leg	$796K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.430	−0.019%	$322K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.400	−0.067%	$299K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.440	−0.003%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.430	−0.019%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	+0.061%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.443	+0.001%	$44K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.480	+0.061%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.453	+0.018%	$2K	$4.8M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.541	+0.159%	$5K	$34K	10x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.420	−0.035%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.460	+0.029%	$1.2M	$5.9M	30x	as long as short