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 Bitget−0.008%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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	Bitget XLEUSDT	62.530	0	get 0.0000% / 8h	7h 12m	$94K	$91K	20x
Short	Variational Omni XLE	62.525	0	get 0.0000% / 8h	7h 12m	$44K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 52 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 Bitget live order book, 52 min ago	8.00 bp	24.8 bp −$25	39.3 bp −$393	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	−0.0601%	4h	62.548	+0.029%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0192%	8h	62.460	−0.112%	$785K	$605K	20x	as long as short
BloFin XLE-USDT	−0.0001%	8h	62.420	−0.176%	$14K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.555	+0.041%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.619	+0.142%	$797K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.570	+0.064%	$324K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	+0.016%	$299K	$565K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.610	+0.128%	$61K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.580	+0.080%	$219K	$102K	20x	as long as short
Bitget XLEUSDTlong	0.0000%	8h	62.530	long leg	$94K	$91K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLEshort	0.0000%	8h	62.525	−0.008%	$44K	$15K	—
SunX XLE-USDT	0.0000%	8h	62.616	+0.138%	$1K	$5.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.586	+0.090%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.580	+0.080%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0143%	8h	62.581	+0.081%	$13K	$176K	10x	as long as short
tradeXYZ xyz:XLE	+0.0522%	1h	62.530	0.000%	$2.4M	$3.9M	20x	as long as short