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

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.015%
Price spread now: QFEX against Bitget+0.080%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2302.299% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.025%−$2 on $10k
Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.080%, 7d avg +0.077%
Together, before fees−0.105%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XLEUSDT62.5000get 0.0000% / 8h47m 04s$94K$157K20x
ShortQFEX XLE-USD62.5500.0047get 0.0006% / 1h47m 04s$1.3M$5.6M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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
$9.79
Price spread: +0.080% → +0.077%
$0.3
Slippage, 4 orders
−$207.86
Fee Bitget: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$219.76
Costs to cover
2.299%
Break-even
164.1 days
Slippage from Bitget: live order book, 22 min ago; QFEX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 22 min ago7.19 bp19.3 bp −$1934.1 bp −$341doesn't fitdoesn't fit
Sell QFEX live order book, 7 min ago51.18 bp84.4 bp −$8494.6 bp −$946doesn't fitdoesn't fit

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
BloFin XLE-USDT−0.0008%8h62.390−0.176%$57K$9K20xas long as short
KuCoin XLEUSDTM−0.0001%8h62.390−0.176%$773K$614K20xas long as short
Aster XLEUSDT0.0000%8h62.515+0.025%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.550+0.080%$798K$1.7M20xas long as short
Bybit XLEUSDT0.0000%8h62.480−0.032%$326K$268K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.440−0.096%$298K$643K20xas long as short
Gate XLE_USDT0.0000%8h62.5000.000%$61K$15K20xas long as short
MEXC XLE_USDT0.0000%8h62.5000.000%$219K$110K20xas long as short
Bitget XLEUSDTlong0.0000%8h62.500long leg$94K$157K20x
Variational Omni XLE0.0000%8h62.537+0.059%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XLE-USDT0.0000%8h62.551+0.082%$2K$6.5M10xas long as short
HTX XLE-USDT0.0000%8h62.590+0.144%$5K$34K10xas long as short
QFEX XLE-USDshort+0.0047%1h62.550+0.080%$1.3M$5.6M30x
GRVT XLE_USDT_Perp+0.0054%8h62.526+0.041%$13K$190K10xas long as short
tradeXYZ xyz:XLE+0.0227%1h62.466−0.054%$2.4M$4.0M20xas long as short
edgeX XLEUSDC+0.0517%4h62.537+0.058%$48K$211K10xas long as short