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

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment $0.24 per $10,000 · paid last 24h −0.630%
Price spread now: Binance against BloFin+0.241%81s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.627%−$63 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Binance is 0.241% dearer against BloFin than usual: you sell high and buy low (spread +0.241% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 33 days. At the pace of the last 7 days (−0.627% in total) that is about 2.7 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XLE-USDT62.3700.0024pay 0.0024% / 8h7h 53m$57K$9K20x
ShortBinance XLEUSDT62.5200get 0.0000% / 8h7h 53m$799K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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
−$5.05
Price spread: +0.241% → 0.000%
$24.05
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$3
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Binance live order book, 9 min ago3.20 bp16.0 bp −$1670.4 bp −$704doesn't fitdoesn't fit
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLEUSDTM−0.0171%8h62.400+0.048%$785K$599K20xas long as short
Aster XLEUSDT0.0000%8h62.534+0.262%$4K$9K20xas long as short
Binance XLEUSDTshort0.0000%8h62.520+0.241%$799K$1.3M20x
Bybit XLEUSDT0.0000%8h62.470+0.160%$323K$217K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.460+0.144%$299K$579K20xas long as short
Gate XLE_USDT0.0000%8h62.530+0.257%$61K$12K20xas long as short
MEXC XLE_USDT0.0000%8h62.490+0.192%$219K$100K20xas long as short
Bitget XLEUSDT0.0000%8h62.530+0.257%$94K$102K20xas long as short
Variational Omni XLE0.0000%8h62.557+0.299%$44K$15Kas long as short
SunX XLE-USDT0.0000%8h62.596+0.362%$2K$5.7M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX XLE-USDT0.0000%8h62.539+0.271%$5K$34K10xas long as short
BloFin XLE-USDTlong+0.0024%8h62.370long leg$57K$9K20x
QFEX XLE-USD+0.0043%1h62.520+0.241%$1.2M$5.9M30xas long as short
tradeXYZ xyz:XLE+0.0305%1h62.449+0.127%$2.4M$3.9M20xas long as short
edgeX XLEUSDC+0.0497%4h62.543+0.277%$48K$210K10xas long as short
GRVT XLE_USDT_Perp+0.0674%8h62.541+0.275%$14K$178K10xas long as short