Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0534%/8h= +58.5% APRpaid last 24h +0.061%

Price spread now: Variational Omni against edgeX+0.039%104s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.039% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 104 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	−0.0534	get 0.0267% / 4h	3h 29m	$48K	$209K	10x
Short	Variational Omni XLE	62.624	0	get 0.0000% / 8h	3h 29m	$44K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.039%Rate

Funding earned: $112.16
Price spread: +0.039% → 0.000%: $3.88
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $107.04
Costs to cover: 0.090%
Break-even: 0.3 days

Slippage unknown: edgeX: live order book, 22 min ago; Variational Omni: 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, 22 min ago	9.60 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
edgeX XLEUSDClong	−0.0534%	4h	62.600	long leg	$48K	$209K	10x
KuCoin XLEUSDTM	−0.0276%	8h	62.420	−0.287%	$797K	$639K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.554	−0.073%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.635	+0.056%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.590	−0.016%	$324K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.550	−0.080%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.520	−0.127%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.590	−0.016%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.570	−0.048%	$95K	$81K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.624	+0.039%	$44K	$15K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.589	−0.017%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.631	+0.050%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.496	−0.166%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0022%	8h	62.510	−0.143%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.600	0.000%	$1.2M	$4.3M	30x	as long as short
tradeXYZ xyz:XLE	+0.0273%	1h	62.552	−0.076%	$2.4M	$3.8M	20x	as long as short