Funding you earn now, next payment 16:00 UTC−0.0334%/8h= −36.6% APRnext payment −$3.34 per $10,000 · paid last 24h −0.042%
Price spread now: KuCoin against Gate+0.275%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 0.275% dearer against Gate than usual: you sell high and buy low (spread +0.275% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XLE_USDT | 61.870 | 0 | get 0.0000% / 8h | 5h 44m | $64K | $12K | 20x |
| Short | KuCoin XLEUSDTM | 62.040 | −0.0334 | pay 0.0334% / 8h | 5h 44m | $1.0M | $930K | 20x |
Gate XLE_USDT
KuCoin XLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- −$70.14
- Price spread: +0.275% → 0.000%
- $27.48
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$69.66
- Costs to cover
- 0.270%
- Break-even
- from the start
Slippage unknown: Gate: no order-book sample; KuCoin: live order book, 62 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 62 min ago | 8.05 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XLE on 16 exchanges
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 | −0.0500% | 4h | 61.935 | +0.105% | $48K | $209K | 10x | as long as short |
| KuCoin XLEUSDTMshort | −0.0334% | 8h | 62.040 | +0.275% | $1.0M | $930K | 20x | |
| BloFin XLE-USDT | 0.0000% | 8h | 61.890 | +0.032% | $59K | $10K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 61.983 | +0.182% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 61.950 | +0.129% | $772K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 61.910 | +0.065% | $309K | $216K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 61.880 | +0.016% | $294K | $483K | 20x | as long as short |
| Gate XLE_USDTlong | 0.0000% | 8h | 61.870 | long leg | $64K | $12K | 20x | |
| MEXC XLE_USDT | 0.0000% | 8h | 61.920 | +0.081% | $221K | $84K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 61.910 | +0.065% | $94K | $74K | 20x | as long as short |
edgeX XLEUSDC
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
MEXC XLE_USDT
Bitget XLEUSDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLE | 0.0000% | 8h | 61.924 | +0.088% | $44K | $10K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 61.937 | +0.108% | $13K | $143K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 61.956 | +0.139% | $2K | $3.1M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 61.756 | −0.184% | $5K | $35K | 10x | as long as short |
| QFEX XLE-USD | +0.0058% | 1h | 61.920 | +0.081% | $1.2M | $4.1M | 30x | as long as short |
| tradeXYZ xyz:XLE | +0.0117% | 1h | 61.832 | −0.061% | $2.3M | $4.1M | 20x | as long as short |
Variational Omni XLE
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
tradeXYZ xyz:XLE