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: SunX against Binance+0.019%46s7-day average −0.008% · you sell dearer than you buy

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 2 days (all we have)−0.008%−$1 · spread now +0.019%, 7d avg −0.008%

Together, before fees+0.593%+$59 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: SunX is 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 46 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	62.580	0	get 0.0000% / 8h	7h 30m	$796K	$1.1M	20x
Short	SunX XLE-USDT	62.592	0	get 0.0000% / 8h	7h 30m	$2K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.008%: $2.73
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; SunX: live order book, 8 min ago. 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	2.40 bp	17.8 bp −$18	70.5 bp −$705	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	48.53 bp	doesn't fit	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
edgeX XLEUSDC	−0.0524%	4h	62.588	+0.013%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0185%	8h	62.430	−0.240%	$783K	$605K	20x	as long as short
BloFin XLE-USDT	−0.0010%	8h	62.440	−0.224%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.562	−0.029%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.580	long leg	$796K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.560	−0.032%	$324K	$210K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.530	−0.080%	$299K	$566K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	−0.080%	$61K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.550	−0.048%	$219K	$101K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.580	0.000%	$94K	$96K	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	62.585	+0.008%	$44K	$15K	—	as long as short
SunX XLE-USDTshort	0.0000%	8h	62.592	+0.019%	$2K	$5.2M	10x
HTX XLE-USDT	0.0000%	8h	62.502	−0.125%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.510	−0.112%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0472%	1h	62.512	−0.109%	$2.4M	$3.9M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0868%	8h	62.595	+0.024%	$14K	$178K	10x	as long as short