Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0353%/8h= +38.6% APRpaid last 24h −0.014%

Price spread now: edgeX against Gate+0.026%67s7-day average — · you sell dearer than you buy

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

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	Gate XLE_USDT	62.490	0	get 0.0000% / 8h	4h 42m	$61K	$11K	20x
Short	edgeX XLEUSDC	62.506	0.0353	get 0.0176% / 4h	42m 22s	$48K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $74.07
Price spread: +0.026% → 0.000%: $2.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $52.66
Costs to cover: 0.240%
Break-even: 2.0 days

Slippage unknown: Gate: no order-book sample; edgeX: live order book, 14 min ago. 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 Gate no order-book sample	—	—	—	—	—
Sell edgeX live order book, 14 min ago	8.80 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	−0.0239%	8h	62.440	−0.080%	$792K	$644K	20x	as long as short
BloFin XLE-USDT	0.0000%	8h	62.470	−0.032%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.481	−0.014%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.517	+0.043%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	+0.016%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.500	+0.016%	$300K	$559K	20x	as long as short
Gate XLE_USDTlong	0.0000%	8h	62.490	long leg	$61K	$11K	20x
MEXC XLE_USDT	0.0000%	8h	62.480	−0.016%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	+0.016%	$96K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.504	+0.023%	$44K	$14K	—	as long as short

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	62.496	+0.010%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.511	+0.034%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.601	+0.178%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	+0.016%	$1.2M	$4.6M	30x	as long as short
tradeXYZ xyz:XLE	+0.0094%	1h	62.478	−0.019%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDCshort	+0.0353%	4h	62.506	+0.026%	$48K	$210K	10x