Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0723%/8h= −79.2% APRpaid last 24h +0.021%

Price spread now: Aster against edgeX−0.037%70s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Aster is 0.037% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	edgeX XLEUSDC	62.535	0.0723	pay 0.0362% / 4h	48m 24s	$48K	$210K	10x
Short	Aster XLEUSDT	62.512	0	get 0.0000% / 8h	48m 24s	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$151.93
Price spread: −0.037% → 0.000%: −$3.73
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$172.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 28 min ago; Aster: 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 edgeX live order book, 28 min ago	6.40 bp	14.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Aster XLEUSDTshort	0.0000%	8h	62.512	−0.037%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.540	+0.008%	$797K	$1.7M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.480	−0.088%	$326K	$269K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.440	−0.152%	$298K	$645K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.056%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	−0.040%	$219K	$110K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.056%	$94K	$157K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.537	+0.003%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.541	+0.009%	$2K	$6.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.590	+0.088%	$5K	$34K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLEUSDTM	+0.0006%	8h	62.390	−0.232%	$773K	$614K	20x	as long as short
BloFin XLE-USDT	+0.0012%	8h	62.450	−0.136%	$57K	$9K	20x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.560	+0.040%	$1.3M	$5.5M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0056%	8h	62.525	−0.016%	$13K	$190K	10x	as long as short
tradeXYZ xyz:XLE	+0.0227%	1h	62.462	−0.117%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDClong	+0.0723%	4h	62.535	long leg	$48K	$210K	10x