Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0809%/8h= +88.6% APRpaid last 24h +0.061%

Price spread now: OKX against edgeX−0.092%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.092%, 7d avg −0.074%

Together, before fees−0.069%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.201%, 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 -0.201% in total (about -10.5% 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	62.778	−0.0809	get 0.0404% / 4h	1h 49m	$48K	$208K	10x
Short	OKX XLE-USDT-SWAP	62.720	0	get 0.0000% / 8h	1h 49m	$302K	$576K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $169.85
Price spread: −0.092% → −0.074%: −$1.76
Slippage, 4 orders: −$57.95
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $91.13
Costs to cover: 0.770%
Break-even: 3.2 days

Slippage from edgeX: live order book, 58 min ago; OKX: live order book, 57 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	10.37 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	8.79 bp	20.1 bp −$20	225.0 bp −$2,250	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	−0.0809%	4h	62.778	long leg	$48K	$208K	10x
KuCoin XLEUSDTM	−0.0219%	8h	62.620	−0.251%	$806K	$691K	20x	as long as short
BloFin XLE-USDT	−0.0011%	8h	62.760	−0.028%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.776	−0.003%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.762	−0.025%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.760	−0.028%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.720	−0.092%	$302K	$576K	20x
Gate XLE_USDT	0.0000%	8h	62.700	−0.124%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.740	−0.060%	$220K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.760	−0.028%	$95K	$87K	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	62.760	−0.029%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.780	+0.003%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.755	−0.036%	$1K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.685	−0.148%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0031%	1h	62.710	−0.108%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0081%	1h	62.705	−0.116%	$2.4M	$3.8M	20x	as long as short