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: Variational Omni against Aster+0.005%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XLEUSDT	62.480	0	get 0.0000% / 8h	5h 14m	$4K	$9K	20x
Short	Variational Omni XLE	62.483	0	get 0.0000% / 8h	5h 14m	$44K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → 0.000%: $0.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.53
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: 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	−0.0988%	4h	62.480	+0.001%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0297%	8h	62.410	−0.112%	$794K	$648K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.480	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.484	+0.006%	$795K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.470	−0.016%	$322K	$206K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	−0.016%	$299K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.480	0.000%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.480	0.000%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.510	+0.048%	$95K	$82K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.483	+0.005%	$44K	$14K	—

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	62.470	−0.016%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.491	+0.018%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.472	−0.013%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0016%	8h	62.460	−0.032%	$14K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.454	−0.041%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.490	+0.016%	$1.2M	$5.2M	30x	as long as short