Funding you earn now, next payment 04:00 UTC−0.0418%/8h= −45.8% APRpaid last 24h +0.030%
Price spread now: KuCoin against tradeXYZ−0.125%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$495as in the Funding arb table
Net, price: spread back to 7d avg − costs−$497as in the Price arb table
costs, in and out, $10k−$4844.835% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.125%, 7d avg +0.008%
=Together, before fees+0.213%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.133% cheaper against tradeXYZ than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% 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 | tradeXYZ xyz:XLE | 62.478 | 0.0156 | pay 0.0020% / 1h | 58m 56s | $2.4M | $3.8M | 20x |
| Short | KuCoin XLEUSDTM | 62.400 | −0.0262 | pay 0.0262% / 8h | 4h 58m | $792K | $646K | 20x |
tradeXYZ xyz:XLE
KuCoin XLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against tradeXYZ. 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
- −$87.8
- Price spread: −0.125% → +0.008%
- −$13.3
- Slippage, 4 orders
- −$453.55
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$584.65
- Costs to cover
- 4.835%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 35 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 tradeXYZ live order book, 9 min ago | 5.60 bp | 16.6 bp −$17 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 35 min ago | 5.62 bp | 145.6 bp −$146 | 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 XLEUSDTMshort | −0.0262% | 8h | 62.400 | −0.125% | $792K | $646K | 20x | |
| BloFin XLE-USDT | −0.0028% | 8h | 62.510 | +0.051% | $58K | $9K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.477 | −0.001% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.511 | +0.053% | $795K | $1.0M | 20x | as long as short |
| Bybit XLEUSDT | 0.0000% | 8h | 62.470 | −0.013% | $322K | $205K | 25x | as long as short |
| OKX XLE-USDT-SWAP | 0.0000% | 8h | 62.490 | +0.019% | $299K | $557K | 20x | as long as short |
| Gate XLE_USDT | 0.0000% | 8h | 62.480 | +0.003% | $61K | $11K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.480 | +0.003% | $219K | $85K | 20x | as long as short |
| Bitget XLEUSDT | 0.0000% | 8h | 62.500 | +0.035% | $96K | $81K | 20x | as long as short |
| Variational Omni XLE | 0.0000% | 8h | 62.503 | +0.040% | $44K | $14K | — | as long as short |
BloFin XLE-USDT
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
OKX XLE-USDT-SWAP
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.490 | +0.019% | $13K | $175K | 10x | as long as short |
| SunX XLE-USDT | 0.0000% | 8h | 62.505 | +0.043% | $2K | $4.7M | 10x | as long as short |
| HTX XLE-USDT | 0.0000% | 8h | 62.597 | +0.190% | $5K | $34K | 10x | as long as short |
| QFEX XLE-USD | +0.0057% | 1h | 62.500 | +0.035% | $1.2M | $4.9M | 30x | as long as short |
| tradeXYZ xyz:XLElong | +0.0156% | 1h | 62.478 | long leg | $2.4M | $3.8M | 20x | |
| edgeX XLEUSDC | +0.0712% | 4h | 62.501 | +0.036% | $48K | $210K | 10x | as long as short |
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
QFEX XLE-USD
edgeX XLEUSDC