Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.027%
Price spread now: OKX against tradeXYZ+0.019%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$930.927% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.019%, 7d avg +0.010%
=Together, before fees−0.124%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:XLE | 62.478 | 0.0050 | pay 0.0006% / 1h | 59m 56s | $2.4M | $3.8M | 20x |
| Short | OKX XLE-USDT-SWAP | 62.490 | 0 | get 0.0000% / 8h | 4h 59m | $299K | $558K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.5
- Price spread: +0.019% → +0.010%
- $0.91
- Slippage, 4 orders
- −$64.68
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$102.27
- Costs to cover
- 0.927%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 61 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, 8 min ago | 5.60 bp | 16.6 bp −$17 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell OKX live order book, 61 min ago | 8.81 bp | 31.0 bp −$31 | 263.3 bp −$2,633 | 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 XLEUSDTM | −0.0264% | 8h | 62.410 | −0.109% | $794K | $646K | 20x | as long as short |
| Aster XLEUSDT | 0.0000% | 8h | 62.474 | −0.006% | $4K | $9K | 20x | as long as short |
| Binance XLEUSDT | 0.0000% | 8h | 62.515 | +0.059% | $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-SWAPshort | 0.0000% | 8h | 62.490 | +0.019% | $299K | $558K | 20x | |
| Gate XLE_USDT | 0.0000% | 8h | 62.480 | +0.003% | $61K | $11K | 20x | as long as short |
| MEXC XLE_USDT | 0.0000% | 8h | 62.490 | +0.019% | $219K | $88K | 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 |
| GRVT XLE_USDT_Perp | 0.0000% | 8h | 62.487 | +0.015% | $14K | $175K | 10x | as long as short |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX XLE-USDT | 0.0000% | 8h | 62.510 | +0.051% | $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 |
| BloFin XLE-USDT | +0.0007% | 8h | 62.510 | +0.051% | $58K | $9K | 20x | as long as short |
| tradeXYZ xyz:XLElong | +0.0050% | 1h | 62.478 | long leg | $2.4M | $3.8M | 20x | |
| QFEX XLE-USD | +0.0057% | 1h | 62.500 | +0.035% | $1.2M | $4.9M | 30x | as long as short |
| edgeX XLEUSDC | +0.0646% | 4h | 62.501 | +0.036% | $48K | $210K | 10x | as long as short |
tradeXYZ xyz:XLE
OKX XLE-USDT-SWAP
KuCoin XLEUSDTM
Aster XLEUSDT
Binance XLEUSDT
Bybit XLEUSDT
Gate XLE_USDT
MEXC XLE_USDT
Bitget XLEUSDT
Variational Omni XLE
GRVT XLE_USDT_Perp
SunX XLE-USDT
HTX XLE-USDT
BloFin XLE-USDT
edgeX XLEUSDC