Funding you earn now, next payment 01:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h −0.032%
Price spread now: tradeXYZ against Gate−0.067%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.067% cheaper against Gate than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.178% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% 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 | Gate XLE_USDT | 62.590 | 0 | get 0.0000% / 8h | 7h 00m | $61K | $12K | 20x |
| Short | tradeXYZ xyz:XLE | 62.548 | 0.0425 | get 0.0053% / 1h | 0m 24s | $2.4M | $3.9M | 20x |
Gate XLE_USDT
tradeXYZ xyz:XLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $89.35
- Price spread: −0.067% → 0.000%
- −$6.71
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $49.64
- Costs to cover
- 0.330%
- Break-even
- 3.1 days
Slippage unknown: Gate: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 2.72 bp | 13.1 bp −$13 | 22.8 bp −$228 | 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 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 | −0.0674% | 4h | 62.589 | −0.001% | $48K | $210K | 10x | as long as short |
| KuCoin XLEUSDTM | −0.0165% | 8h | 62.430 | −0.256% | $779K | $638K | 20x | as long as short |
| BloFin XLE-USDT | 0.0000% | 8h | 62.530 | −0.096% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.574 | −0.026% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.598 | +0.013% | $797K | $1.1M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.540 | −0.080% | $323K | $208K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.530 | −0.096% | $299K | $564K | 20x | as long as short |
| Gate XLE_USDTlong | 0.0000% | 8h | 62.590 | long leg | $61K | $12K | 20x | |
| MEXC XLE_USDT | 0.0000% | 8h | 62.570 | −0.032% | $219K | $103K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.520 | −0.112% | $94K | $90K | 20x | as long as short |
edgeX XLEUSDC
KuCoin XLEUSDTM
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
MEXC XLE_USDT
Bitget XLEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLE | 0.0000% | 8h | 62.584 | −0.010% | $44K | $15K | — | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.591 | +0.002% | $2K | $5.1M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.498 | −0.147% | $5K | $35K | 10x | as long as short |
| QFEX XLE-USD | +0.0043% | 1h | 62.580 | −0.016% | $1.2M | $6.0M | 30x | as long as short |
| GRVT XLE_USDT_Perp | +0.0179% | 8h | 62.590 | +0.001% | $13K | $175K | 10x | as long as short |
| tradeXYZ xyz:XLEshort | +0.0425% | 1h | 62.548 | −0.067% | $2.4M | $3.9M | 20x |
Variational Omni XLE
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
GRVT XLE_USDT_Perp