Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment $0.18 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.096%331s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.626%+$63 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.096% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.626%, so the current rate has only just turned against you. The two prices were read 331 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XLEUSDT62.5700get 0.0000% / 8h6h 43m$798K$1.1M20x
ShortBloFin XLE-USDT62.510−0.0018pay 0.0018% / 8h6h 43m$58K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$3.78
Price spread: −0.096% → 0.000%
−$9.59
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.37
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 4 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago3.19 bp13.9 bp −$1467.7 bp −$677doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX XLEUSDC−0.0984%4h62.594+0.039%$48K$210K10xas long as short
KuCoin XLEUSDTM−0.0177%8h62.440−0.208%$786K$649K20xas long as short
BloFin XLE-USDTshort−0.0018%8h62.510−0.096%$58K$9K20x
Aster XLEUSDT0.0000%8h62.5700.000%$4K$9K20xas long as short
Binance XLEUSDTlong0.0000%8h62.570long leg$798K$1.1M20x
Bybit XLEUSDT0.0000%8h62.550−0.032%$323K$208K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.540−0.048%$299K$563K20xas long as short
Gate XLE_USDT0.0000%8h62.580+0.016%$61K$11K20xas long as short
MEXC XLE_USDT0.0000%8h62.560−0.016%$219K$86K20xas long as short
Bitget XLEUSDT0.0000%8h62.550−0.032%$95K$91K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XLE0.0000%8h62.580+0.016%$44K$15Kas long as short
SunX XLE-USDT0.0000%8h62.582+0.019%$2K$5.0M10xas long as short
HTX XLE-USDT0.0000%8h62.675+0.168%$5K$34K10xas long as short
QFEX XLE-USD+0.0047%1h62.560−0.016%$1.2M$6.0M30xas long as short
tradeXYZ xyz:XLE+0.0111%1h62.548−0.035%$2.4M$3.9M20xas long as short
GRVT XLE_USDT_Perp+0.0164%8h62.590+0.032%$13K$175K10xas long as short