Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster+0.125%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.125% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XLEUSDT	62.642	0	get 0.0000% / 8h	2h 18m	$4K	$9K	20x
Short	Bybit XLEUSDT	62.720	0	get 0.0000% / 8h	2h 18m	$324K	$202K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → 0.000%: $12.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.52
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 20 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 20 min ago	2.39 bp	37.4 bp −$37	223.7 bp −$2,237	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0261%	8h	62.610	−0.051%	$805K	$672K	20x	as long as short
BloFin XLE-USDT	−0.0002%	8h	62.610	−0.051%	$58K	$9K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.642	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.744	+0.163%	$793K	$1.0M	20x	as long as short
Bybit XLEUSDTshort	0.0000%	8h	62.720	+0.125%	$324K	$202K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.610	−0.051%	$301K	$577K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.690	+0.077%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.720	+0.125%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.730	+0.141%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.704	+0.099%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.697	+0.088%	$13K	$173K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.766	+0.198%	$1K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.570	−0.115%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.650	+0.013%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.652	+0.016%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0561%	4h	62.702	+0.097%	$48K	$209K	10x	as long as short