Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h −0.027%

Price spread now: QFEX against Aster+0.047%53s7-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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.047% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XLEUSDT	62.551	0	get 0.0000% / 8h	1h 27m	$4K	$9K	20x
Short	QFEX XLE-USD	62.580	0.0035	get 0.0004% / 1h	27m 42s	$1.3M	$5.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $7.39
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.9
Costs to cover: 0.180%
Break-even: 12.6 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago	2.40 bp	10.6 bp −$11	17.5 bp −$175	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
edgeX XLEUSDC	−0.0389%	4h	62.571	+0.033%	$48K	$211K	10x	as long as short
BloFin XLE-USDT	−0.0026%	8h	62.470	−0.129%	$57K	$9K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.551	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.570	+0.031%	$800K	$1.9M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.540	−0.017%	$330K	$275K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.520	−0.049%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.550	−0.001%	$61K	$21K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.540	−0.017%	$219K	$116K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.520	−0.049%	$95K	$169K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.572	+0.035%	$44K	$15K	—	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	62.581	+0.049%	$1K	$7.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.560	+0.015%	$5K	$35K	10x	as long as short
QFEX XLE-USDshort	+0.0035%	1h	62.580	+0.047%	$1.3M	$5.3M	30x
KuCoin XLEUSDTM	+0.0082%	8h	62.440	−0.177%	$767K	$578K	20x	as long as short
tradeXYZ xyz:XLE	+0.0107%	1h	62.525	−0.041%	$2.4M	$4.0M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0116%	8h	62.530	−0.034%	$13K	$193K	10x	as long as short