Funding arb · Price arb /

XLE

RWAall XLE markets

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: MEXC against Binance0.000%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.621%+$62 on $10k

Price spread, last 2 days (all we have)−0.015%−$2 · spread now 0.000%, 7d avg −0.026%

Together, before fees+0.606%+$61 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.026% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.560	0	get 0.0000% / 8h	6h 41m	$798K	$1.1M	20x
Short	MEXC XLE_USDT	62.560	0	get 0.0000% / 8h	6h 41m	$219K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.026%: $2.56
Slippage, 4 orders: −$41.9
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$49.34
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; MEXC: live order book, 7 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, 6 min ago	3.19 bp	13.9 bp −$14	67.7 bp −$677	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	7.19 bp	14.2 bp −$14	114.3 bp −$1,143	209.6 bp −$21.0K	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
edgeX XLEUSDC	−0.0984%	4h	62.594	+0.055%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0182%	8h	62.410	−0.240%	$787K	$650K	20x	as long as short
BloFin XLE-USDT	−0.0018%	8h	62.510	−0.080%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.570	+0.017%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.560	long leg	$798K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.540	−0.032%	$323K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	−0.160%	$299K	$563K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.560	0.000%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.560	0.000%	$219K	$86K	20x
Bitget XLEUSDT	0.0000%	8h	62.550	−0.016%	$95K	$91K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.580	+0.032%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.586	+0.042%	$2K	$5.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.542	−0.029%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.560	0.000%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0118%	1h	62.548	−0.019%	$2.4M	$3.9M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0136%	8h	62.580	+0.032%	$13K	$175K	10x	as long as short