Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0700%/8h= +76.6% APRpaid last 24h +0.054%

Price spread now: Binance against edgeX+0.012%50s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.612% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.842%−$84 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.012%, 7d avg +0.016%

Together, before fees−0.864%+ Points / potential airdropedgeX: Active · farm board−$86 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.842%, so the current rate has only just turned in your favour. The two prices were read 50 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	62.813	−0.0700	get 0.0350% / 4h	3h 38m	$48K	$208K	10x
Short	Binance XLEUSDT	62.820	0	get 0.0000% / 8h	7h 38m	$789K	$965K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $146.91
Price spread: +0.012% → +0.016%: −$0.43
Slippage, 4 orders: −$42.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $85.31
Costs to cover: 0.612%
Break-even: 2.9 days

Slippage from edgeX: live order book, 58 min ago; Binance: live order book, 9 min ago.

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, 58 min ago	8.76 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.59 bp	20.6 bp −$21	91.3 bp −$913	doesn't fit	doesn't fit

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 XLEUSDClong	−0.0700%	4h	62.813	long leg	$48K	$208K	10x
KuCoin XLEUSDTM	−0.0269%	8h	62.670	−0.227%	$831K	$795K	20x	as long as short
BloFin XLE-USDT	−0.0010%	8h	62.720	−0.148%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.742	−0.112%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.820	+0.012%	$789K	$965K	20x
Bybit XLEUSDT	0.0000%	8h	62.780	−0.052%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	−0.132%	$300K	$503K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.180%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.780	−0.052%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.780	−0.052%	$97K	$67K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.810	−0.005%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.822	+0.015%	$984	$3.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.739	−0.117%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.800	−0.020%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0201%	1h	62.699	−0.181%	$2.3M	$3.8M	20x	as long as short
GRVT XLE_USDT_Perp	+0.1674%	8h	62.801	−0.019%	$13K	$154K	10x	as long as short