A submersible pumping system includes a motor, a pump driven by the motor, a seal section disposed between the pump and the motor and an inline monitoring package connected between the seal section and the motor. The inline monitoring package is electrically connected to the motor through a wye point connection. The inline monitoring package preferably includes a sensor array that includes a plurality of sensors configured to measure conditions internal and external to the submersible pumping system. The inline monitoring package further includes a shaft configured to transmit the output from the motor to the pump. The inline monitoring package further includes a fluid exchange system that accommodates the thermal expansion of lubricants in the motor.