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

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.1135%/8h= +124.3% APRnext payment +$11.35 per $10,000 · paid last 24h +0.005%
Price spread now: GRVT against Gate+0.055%7-day average · you sell dearer than you buy
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+0.026%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and GRVT is 0.055% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XLE_USDT62.7000get 0.0000% / 8h7h 52m$64K$12K20x
ShortGRVT XLE_USDT_Perp62.7350.1135get 0.1135% / 8h7h 52m$13K$156K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$238.35
Price spread: +0.055% → 0.000%
$5.55
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$219.9
Costs to cover
0.240%
Break-even
0.5 days
Slippage unknown: Gate: no order-book sample; GRVT: live order book, 44 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 Gate no order-book sample
Sell GRVT live order book, 44 min ago4.78 bp57.3 bp −$57doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLEUSDTM−0.0320%8h62.610−0.144%$828K$794K20xas long as short
edgeX XLEUSDC−0.0135%4h62.730+0.049%$48K$208K10xas long as short
BloFin XLE-USDT−0.0006%8h62.7000.000%$58K$9K20xas long as short
Aster XLEUSDT0.0000%8h62.697−0.005%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.755+0.088%$788K$983K20xas long as short
Bybit XLEUSDT0.0000%8h62.720+0.032%$320K$204K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.710+0.016%$300K$523K20xas long as short
Gate XLE_USDTlong0.0000%8h62.700long leg$64K$12K20x
MEXC XLE_USDT0.0000%8h62.710+0.016%$220K$85K20xas long as short
Bitget XLEUSDT0.0000%8h62.740+0.064%$97K$81K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XLE0.0000%8h62.735+0.056%$44K$15Kas long as short
SunX XLE-USDT0.0000%8h62.752+0.083%$2K$3.8M10xas long as short
HTX XLE-USDT0.0000%8h62.611−0.142%$5K$35K10xas long as short
QFEX XLE-USD+0.0060%1h62.7000.000%$1.2M$4.0M30xas long as short
tradeXYZ xyz:XLE+0.0092%1h62.631−0.110%$2.3M$3.8M20xas long as short
GRVT XLE_USDT_Perpshort+0.1135%8h62.735+0.055%$13K$156K10x