Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.587%

Price spread now: Aster against Binance−0.037%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aster

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: Aster is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 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	Binance XLEUSDT	62.520	0	get 0.0000% / 8h	1m 19s	$798K	$1.5M	20x
Short	Aster XLEUSDT	62.497	0	get 0.0000% / 8h	1m 19s	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → 0.000%: −$3.71
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.71
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Aster: 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 Binance live order book, 2 min ago	3.20 bp	11.2 bp −$11	65.0 bp −$650	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	−0.0173%	8h	62.350	−0.272%	$780K	$605K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.497	−0.037%	$4K	$9K	20x
Binance XLEUSDTlong	0.0000%	8h	62.520	long leg	$798K	$1.5M	20x
Bybit XLEUSDT	0.0000%	8h	62.470	−0.080%	$325K	$235K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.430	−0.144%	$298K	$607K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.510	−0.016%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	−0.016%	$219K	$112K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.490	−0.048%	$94K	$152K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.532	+0.018%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.536	+0.026%	$1K	$5.9M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.489	−0.050%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0001%	8h	62.440	−0.128%	$57K	$9K	20x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	−0.032%	$1.2M	$5.9M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0055%	8h	62.515	−0.008%	$14K	$180K	10x	as long as short
tradeXYZ xyz:XLE	+0.0176%	1h	62.492	−0.045%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0236%	4h	62.531	+0.018%	$48K	$211K	10x	as long as short