Funding you earn now, next payment 02:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h −0.035%
Price spread now: tradeXYZ against Bybit−0.045%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.045%, 7d avg −0.044%
=Together, before fees+0.092%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLEUSDT | 62.460 | 0 | get 0.0000% / 8h | 6h 12m | $322K | $207K | 25x |
| Short | tradeXYZ xyz:XLE | 62.432 | 0.0184 | get 0.0023% / 1h | 12m 45s | $2.4M | $3.8M | 20x |
Bybit XLEUSDT
tradeXYZ xyz:XLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bybit. 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
- $38.69
- Price spread: −0.045% → −0.044%
- −$0.1
- Slippage, 4 orders
- −$101.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$91.8
- Costs to cover
- 1.304%
- Break-even
- 23.6 days
Slippage from Bybit: live order book, 47 min ago; tradeXYZ: live order book, 5 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 Bybit live order book, 47 min ago | 3.20 bp | 13.0 bp −$13 | 189.0 bp −$1,890 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 5.20 bp | 19.7 bp −$20 | 26.0 bp −$260 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX XLEUSDC | −0.0310% | 4h | 62.527 | +0.108% | $48K | $211K | 10x | as long as short |
| KuCoin XLEUSDTM | −0.0205% | 8h | 62.340 | −0.192% | $788K | $653K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.507 | +0.075% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.500 | +0.064% | $797K | $1.1M | 20x | as long as short |
| Bybit XLEUSDTlong | 0.0000% | 8h | 62.460 | long leg | $322K | $207K | 25x | |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.470 | +0.016% | $300K | $559K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.500 | +0.064% | $61K | $11K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.480 | +0.032% | $219K | $88K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.500 | +0.064% | $95K | $85K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.529 | +0.111% | $44K | $14K | — | as long as short |
edgeX XLEUSDC
KuCoin XLEUSDTM
Aster XLEUSDT
Binance XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLEShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.520 | +0.096% | $13K | $175K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.522 | +0.099% | $2K | $4.9M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.549 | +0.142% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0047% | 1h | 62.500 | +0.064% | $1.2M | $6.0M | 30x | as long as short |
| tradeXYZ xyz:XLEshort | +0.0184% | 1h | 62.432 | −0.045% | $2.4M | $3.8M | 20x |
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD