Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h +0.054%
Price spread now: SunX against edgeX−0.114%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.242%−$24 on $10k
Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.114%, 7d avg +0.008%
Together, before fees−0.108%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.122% cheaper against edgeX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.008%). If the spread goes back, that is −$12 on $10k: about 19 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.242%, 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 -0.242% in total (about -12.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XLEUSDC62.694−0.0513get 0.0257% / 4h3h 28m$48K$209K10x
ShortSunX XLE-USDT62.6220get 0.0000% / 8h7h 28m$2K$3.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$107.74
Price spread: −0.114% → +0.008%
−$12.2
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
$78.54
Costs to cover
0.170%
Break-even
1.9 days
Slippage unknown: edgeX: live order book, 3 min ago; SunX: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 3 min ago7.98 bp16.7 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 10 min ago47.12 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

XLE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX XLEUSDClong−0.0513%4h62.694long leg$48K$209K10x
KuCoin XLEUSDTM−0.0254%8h62.590−0.165%$830K$803K20xas long as short
Aster XLEUSDT0.0000%8h62.707+0.022%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.630−0.101%$789K$952K20xas long as short
Bybit XLEUSDT0.0000%8h62.660−0.054%$319K$204K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.590−0.165%$299K$482K20xas long as short
Gate XLE_USDT0.0000%8h62.650−0.070%$64K$12K20xas long as short
MEXC XLE_USDT0.0000%8h62.630−0.101%$219K$86K20xas long as short
Bitget XLEUSDT0.0000%8h62.650−0.070%$96K$66K20xas long as short
Variational Omni XLE0.0000%8h62.695+0.002%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XLE-USDTshort0.0000%8h62.622−0.114%$2K$3.5M10x
HTX XLE-USDT0.0000%8h62.623−0.113%$5K$35K10xas long as short
BloFin XLE-USDT+0.0022%8h62.620−0.117%$58K$9K20xas long as short
QFEX XLE-USD+0.0060%1h62.690−0.006%$1.2M$4.0M30xas long as short
tradeXYZ xyz:XLE+0.0157%1h62.640−0.085%$2.3M$3.8M20xas long as short
GRVT XLE_USDT_Perp+0.1460%8h62.720+0.042%$13K$153K10xas long as short