Funding you earn now, next payment 12:00 UTC−0.0633%/8h= −69.3% APRpaid last 24h −0.054%
Price spread now: edgeX against OKX+0.027%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.027%, 7d avg +0.077%
=Together, before fees+0.120%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and edgeX is 0.051% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.077%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.213%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.213% in total (about 11.1% a year). A funding rate is set anew for every payment. 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 | OKX XLE-USDT-SWAP | 61.780 | 0 | get 0.0000% / 8h | 4h 56m | $292K | $475K | 20x |
| Short | edgeX XLEUSDC | 61.796 | −0.0633 | pay 0.0316% / 4h | 56m 45s | $47K | $207K | 10x |
OKX XLE-USDT-SWAP
edgeX XLEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against OKX. 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
- −$132.89
- Price spread: +0.027% → +0.077%
- −$5.07
- Slippage, 4 orders
- −$43.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$200.27
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from OKX: live order book, 47 min ago; edgeX: live order book, 48 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 OKX live order book, 47 min ago | 3.23 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 48 min ago | 7.27 bp | 14.1 bp −$14 | doesn't fit | 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 XLEUSDCshort | −0.0633% | 4h | 61.796 | +0.027% | $47K | $207K | 10x | |
| KuCoin XLEUSDTM | −0.0163% | 8h | 61.800 | +0.032% | $1.0M | $959K | 20x | as long as short |
| BloFin XLE-USDT | −0.0005% | 8h | 61.740 | −0.065% | $59K | $10K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 61.831 | +0.082% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 61.850 | +0.113% | $771K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 61.770 | −0.016% | $303K | $221K | 25x | as long as short |
| OKX XLE-USDT-SWAPlong | 0.0000% | 8h | 61.780 | long leg | $292K | $475K | 20x | |
| Gate XLE_USDT | 0.0000% | 8h | 61.770 | −0.016% | $64K | $12K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 61.820 | +0.065% | $221K | $83K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 61.820 | +0.065% | $98K | $71K | 20x | as long as short |
KuCoin XLEUSDTM
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
Gate XLE_USDT
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 | 61.774 | −0.010% | $44K | $10K | — | as long as short |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 61.800 | +0.032% | $14K | $141K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 61.841 | +0.099% | $2K | $3.0M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 61.684 | −0.155% | $5K | $35K | 10x | as long as short |
| tradeXYZ xyz:XLE | +0.0050% | 1h | 61.735 | −0.073% | $2.3M | $4.1M | 20x | as long as short |
| QFEX XLE-USD | +0.0057% | 1h | 61.780 | 0.000% | $1.2M | $4.3M | 30x | as long as short |
Variational Omni XLE
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
tradeXYZ xyz:XLE
QFEX XLE-USD