XLE Funding Rate — Energy Sector ETF tokenized stock perpetuals across 7 venues

Tokenized stock (xStock) perpetual · compared across 7 venues · net of estimated fees · updated every few minutes

XLE is a perpetual linked to the Energy Sector ETF index/ETF, traded on-chain as a tokenized xStock. Perpia compares its annualized funding across venues and the best delta-neutral spread.

Live annualized XLE perpetual funding across all 7 venues Perpia tracks. Right now XLE funding is positive on 1 and negative on 0, ranging from +10.9% on KuCoin to +0.0% on Ostium — a spread of 10.9%. The widest delta-neutral trade is long Gate.io / short KuCoin at 7.9% net APR.

venues

paying positive

10.9%

funding spread

Best XLE spread now

7.9%

net APR after fees

Long Gate.io→Short KuCoin

size depends on live venue depth — see the real cap in the scanner

XLE funding trend & liquidity

168h of history

10.9%

current gross APR

2.3%

24h average

7.3%

7-day average

$94K

pair OI · lower leg

$10K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

XLE funding rate history

30d · 6h buckets · 9 venues

92.1%0-49.4%

6 Aug5 Sep

XLE — average across 9 venuesAsterBitgetKuCoinMEXC

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +3.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

XLE funding rate by venue

6 pairs scanned

Venue	Funding APR	Interval
KuCoin ↗	+10.9%	8h
Gate.io ↗	+0.0%	8h
Variational ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
MEXC ↗	+0.0%	8h
OKX ↗	+0.0%	8h
Ostium ↗	+0.0%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Gate.io vs KuCoin page.

XLE arbitrage — 30-day backtest

long Gate.io · short KuCoin

2.6%

backtested APR

+$21

historical net P&L on $10,000

0.09%

max drawdown

$10,000$10,021

30 days agostarting capital $10,000today

Over the last 30 days, holding long Gate.io / short KuCoin would have produced 2.6% APR — versus the 7.9% the live spread implies right now (equity $10,000 → $10,021). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading XLE backtest…

XLE funding — FAQ

Is XLE funding positive right now?

XLE perpetual funding is positive on 1 of 7 venues Perpia tracks. The highest is +10.9% on KuCoin; the lowest is +0.0% on Ostium.

What is the best XLE funding arbitrage right now?

Go long Gate.io and short KuCoin for about 7.9% net APR after fees — the widest delta-neutral XLE spread Perpia currently sees.

Which exchange has the highest XLE funding rate?

KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How XLE funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Related tokenized stocks

See the full list on the tokenized stocks hub.

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