XLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0160%/8h= +17.5% APRnext payment +$1.60 per $10,000 · paid last 24h +0.042%

Price spread now: Bybit against KuCoin−0.049%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$610as in the Funding arb table

Net, price: spread back to 7d avg − costs−$621as in the Price arb table

costs, in and out, $10k−$6116.115% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.049%, 7d avg +0.045%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.045%). If the spread goes back, that is −$9 on $10k: about 47 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.015% in total) that is about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XLEUSDTM	61.810	−0.0160	get 0.0160% / 8h	4h 56m	$1.0M	$959K	20x
Short	Bybit XLEUSDT	61.780	0	get 0.0000% / 8h	4h 56m	$303K	$221K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.049%Rate

Funding earned: $33.6
Price spread: −0.049% → +0.045%: −$9.37
Slippage, 4 orders: −$588.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$587.27
Costs to cover: 6.115%
Break-even: 129.3 days

Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 41 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 KuCoin live order book, 1 min ago	5.66 bp	240.8 bp −$241	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 41 min ago	2.42 bp	33.5 bp −$33	187.0 bp −$1,870	doesn't fit	doesn't fit

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	−0.0633%	4h	61.796	−0.022%	$47K	$207K	10x	as long as short
KuCoin XLEUSDTMlong	−0.0160%	8h	61.810	long leg	$1.0M	$959K	20x
BloFin XLE-USDT	−0.0005%	8h	61.740	−0.113%	$59K	$10K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	61.842	+0.053%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	61.870	+0.098%	$771K	$1.0M	20x	as long as short
Bybit XLEUSDTshort	0.0000%	8h	61.780	−0.049%	$303K	$221K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	61.780	−0.049%	$292K	$475K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	61.770	−0.065%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	61.840	+0.049%	$221K	$83K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	61.820	+0.016%	$98K	$71K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	61.774	−0.059%	$44K	$10K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	61.800	−0.016%	$14K	$141K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	61.866	+0.091%	$2K	$3.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	61.684	−0.204%	$5K	$35K	10x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	61.736	−0.120%	$2.3M	$4.1M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	61.840	+0.049%	$1.2M	$4.3M	30x	as long as short