Funding you earn now, next payment 08:00 UTC+0.1066%/8h= +116.7% APRpaid last 24h −0.063%
Price spread now: edgeX against KuCoin+0.236%68s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$620as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$6386.381% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.236%, 7d avg +0.080%
=Together, before fees−0.053%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and edgeX is 0.156% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.080%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% 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 | KuCoin XLEUSDTM | 62.380 | −0.0280 | get 0.0280% / 8h | 3h 38m | $795K | $644K | 20x |
| Short | edgeX XLEUSDC | 62.527 | 0.0786 | get 0.0393% / 4h | 3h 38m | $48K | $208K | 10x |
KuCoin XLEUSDTM
edgeX XLEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against KuCoin. 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
- $223.84
- Price spread: +0.236% → +0.080%
- $15.61
- Slippage, 4 orders
- −$617.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$398.67
- Costs to cover
- 6.381%
- Break-even
- 19.5 days
Slippage from KuCoin: live order book, 51 min ago; edgeX: live order book, 13 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, 51 min ago | 4.01 bp | 426.6 bp −$427 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 13 min ago | 9.60 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLEUSDTMlong | −0.0280% | 8h | 62.380 | long leg | $795K | $644K | 20x | |
| Aster XLEUSDT | 0.0000% | 8h | 62.516 | +0.218% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.561 | +0.291% | $792K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.530 | +0.240% | $323K | $201K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.540 | +0.256% | $300K | $559K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.510 | +0.208% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.530 | +0.240% | $219K | $86K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.500 | +0.192% | $95K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.524 | +0.231% | $44K | $14K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.539 | +0.255% | $13K | $174K | 10x | as long as short |
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLE
GRVT XLE_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX XLE-USDT | 0.0000% | 8h | 62.537 | +0.252% | $1K | $4.6M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.503 | +0.197% | $5K | $34K | 10x | as long as short |
| BloFin XLE-USDT | +0.0005% | 8h | 62.530 | +0.240% | $58K | $9K | 20x | as long as short |
| QFEX XLE-USD | +0.0026% | 1h | 62.550 | +0.273% | $1.2M | $4.4M | 30x | as long as short |
| tradeXYZ xyz:XLE | +0.0318% | 1h | 62.522 | +0.228% | $2.4M | $3.8M | 20x | as long as short |
| edgeX XLEUSDCshort | +0.0786% | 4h | 62.527 | +0.236% | $48K | $208K | 10x |
SunX XLE-USDT
HTX XLE-USDT
BloFin XLE-USDT
QFEX XLE-USD
tradeXYZ xyz:XLE