Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h −0.010%

Price spread now: Gate against edgeX−0.048%112s7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.328%−$33 on $10k

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

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

Funding pays, the price is against you. Gate is 0.048% cheaper against edgeX than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 32 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.328%, so the current rate has only just turned in your favour. The two prices were read 112 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	62.600	−0.0118	get 0.0059% / 4h	3h 07m	$48K	$209K	10x
Short	Gate XLE_USDT	62.570	0	get 0.0000% / 8h	7h 07m	$61K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: $24.78
Price spread: −0.048% → 0.000%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$3.98
Costs to cover: 0.240%
Break-even: 8.1 days

Slippage unknown: edgeX: live order book, 64 min ago; Gate: 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, 64 min ago	8.00 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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
KuCoin XLEUSDTM	−0.0178%	8h	62.450	−0.239%	$780K	$633K	20x	as long as short
edgeX XLEUSDClong	−0.0118%	4h	62.600	long leg	$48K	$209K	10x
Aster XLEUSDT	0.0000%	8h	62.549	−0.081%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.570	−0.048%	$796K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.510	−0.143%	$323K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	−0.223%	$298K	$563K	20x	as long as short
Gate XLE_USDTshort	0.0000%	8h	62.570	−0.048%	$61K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.540	−0.096%	$219K	$103K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.520	−0.128%	$94K	$90K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.600	0.000%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.582	−0.028%	$2K	$5.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.498	−0.163%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0008%	8h	62.470	−0.207%	$14K	$9K	20x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.560	−0.064%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0132%	8h	62.584	−0.026%	$13K	$175K	10x	as long as short
tradeXYZ xyz:XLE	+0.0479%	1h	62.524	−0.121%	$2.4M	$3.9M	20x	as long as short