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: MEXC against Aster+0.033%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 5 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: MEXC is 0.033% dearer against Aster than usual: you sell high and buy low, +$3 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	62.469	0	get 0.0000% / 8h	6h 01m	$4K	$9K	20x
Short	MEXC XLE_USDT	62.490	0	get 0.0000% / 8h	6h 01m	$219K	$89K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → 0.000%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4.65
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 48 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 MEXC live order book, 48 min ago	7.19 bp	14.2 bp −$14	114.3 bp −$1,143	209.6 bp −$21.0K	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 15 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	−0.0240%	8h	62.340	−0.207%	$789K	$649K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.469	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.500	+0.049%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.450	−0.031%	$322K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.380	−0.143%	$299K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	+0.049%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.490	+0.033%	$219K	$89K	20x
Bitget XLEUSDT	0.0000%	8h	62.490	+0.033%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.509	+0.064%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.511	+0.068%	$13K	$175K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.517	+0.077%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.518	+0.078%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	+0.049%	$1.2M	$5.9M	30x	as long as short
tradeXYZ xyz:XLE	+0.0201%	1h	62.432	−0.059%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0628%	4h	62.512	+0.068%	$48K	$210K	10x	as long as short