Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.054%

Price spread now: edgeX against Binance−0.024%90s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.612% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.842%+$84 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.024%, 7d avg −0.016%

Together, before fees+0.876%+ Points / potential airdropedgeX: Active · farm board+$88 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.842%, so the current rate has only just turned against you. The two prices were read 90 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	Binance XLEUSDT	62.818	0	get 0.0000% / 8h	7h 35m	$789K	$958K	20x
Short	edgeX XLEUSDC	62.803	−0.0174	pay 0.0087% / 4h	3h 35m	$48K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$36.47
Price spread: −0.024% → −0.016%: −$0.8
Slippage, 4 orders: −$42.18
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$98.45
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; edgeX: live order book, 61 min ago.

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, 11 min ago	1.59 bp	9.5 bp −$9	60.1 bp −$601	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	8.76 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	−0.0263%	8h	62.660	−0.251%	$831K	$796K	20x	as long as short
edgeX XLEUSDCshort	−0.0174%	4h	62.803	−0.024%	$48K	$208K	10x
Aster XLEUSDT	0.0000%	8h	62.741	−0.123%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.818	long leg	$789K	$958K	20x
Bybit XLEUSDT	0.0000%	8h	62.770	−0.076%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	−0.140%	$300K	$501K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.188%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.750	−0.108%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.790	−0.045%	$97K	$67K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.810	−0.013%	$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	62.817	−0.002%	$1K	$3.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.720	−0.156%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0019%	8h	62.670	−0.236%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.690	−0.204%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0222%	1h	62.735	−0.132%	$2.3M	$3.8M	20x	as long as short
GRVT XLE_USDT_Perp	+0.1797%	8h	62.800	−0.029%	$13K	$154K	10x	as long as short