Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0946%/8h= +103.6% APRpaid last 24h +0.054%

Price spread now: MEXC against edgeX+0.006%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.006%, 7d avg −0.006%

Together, before fees−0.136%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.222%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XLEUSDC	62.756	−0.0946	get 0.0473% / 4h	3h 42m	$48K	$210K	10x
Short	MEXC XLE_USDT	62.760	0	get 0.0000% / 8h	7h 42m	$220K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.006%Rate

Funding earned: $198.69
Price spread: +0.006% → −0.006%: $1.2
Slippage, 4 orders: −$47.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $142.92
Costs to cover: 0.570%
Break-even: 2.0 days

Slippage from edgeX: live order book, 54 min ago; MEXC: live order book, 36 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, 54 min ago	8.76 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 36 min ago	7.97 bp	15.2 bp −$15	135.2 bp −$1,352	211.0 bp −$21.1K	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	−0.0946%	4h	62.756	long leg	$48K	$210K	10x
KuCoin XLEUSDTM	−0.0288%	8h	62.650	−0.169%	$831K	$795K	20x	as long as short
BloFin XLE-USDT	−0.0004%	8h	62.670	−0.138%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.741	−0.024%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.820	+0.102%	$789K	$977K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.770	+0.022%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	−0.042%	$300K	$517K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.090%	$64K	$12K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.760	+0.006%	$220K	$86K	20x
Bitget XLEUSDT	0.0000%	8h	62.780	+0.038%	$97K	$72K	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	62.790	+0.053%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.822	+0.105%	$1K	$3.8M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.639	−0.187%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.800	+0.070%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0146%	1h	62.699	−0.091%	$2.3M	$3.8M	20x	as long as short
GRVT XLE_USDT_Perp	+0.1606%	8h	62.779	+0.036%	$13K	$154K	10x	as long as short