Funding arb · Price arb /

XLE

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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: Variational Omni against Binance+0.014%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.640	0	get 0.0000% / 8h	2h 54m	$792K	$1.0M	20x
Short	Variational Omni XLE	62.649	0	get 0.0000% / 8h	2h 54m	$44K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.44
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.56
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Variational Omni: 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, 8 min ago	2.39 bp	14.5 bp −$14	57.1 bp −$571	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
edgeX XLEUSDC	−0.0877%	4h	62.648	+0.013%	$48K	$208K	10x	as long as short
KuCoin XLEUSDTM	−0.0263%	8h	62.470	−0.271%	$803K	$649K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.586	−0.087%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.640	long leg	$792K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.640	0.000%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.590	−0.080%	$300K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.640	0.000%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	0.000%	$219K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.610	−0.048%	$95K	$81K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.649	+0.014%	$44K	$15K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.654	+0.022%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.657	+0.027%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.528	−0.179%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0030%	8h	62.610	−0.048%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.610	−0.048%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.609	−0.049%	$2.4M	$3.8M	20x	as long as short