Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Gate−0.089%7-day average — · you buy dearer than you sell

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

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.089% cheaper against Gate than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XLE_USDT	62.690	0	get 0.0000% / 8h	2h 26m	$64K	$12K	20x
Short	tradeXYZ xyz:XLE	62.634	0.0050	get 0.0006% / 1h	26m 43s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.089%Rate

Funding earned: $10.5
Price spread: −0.089% → 0.000%: −$8.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.43
Costs to cover: 0.330%
Break-even: 28.0 days

Slippage unknown: Gate: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago	2.32 bp	12.5 bp −$13	22.5 bp −$225	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	−0.0269%	8h	62.640	−0.080%	$807K	$674K	20x	as long as short
BloFin XLE-USDT	−0.0004%	8h	62.710	+0.032%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.660	−0.049%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.719	+0.047%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.710	+0.032%	$324K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.690	0.000%	$302K	$579K	20x	as long as short
Gate XLE_USDTlong	0.0000%	8h	62.690	long leg	$64K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.710	+0.032%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.680	−0.016%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.700	+0.016%	$44K	$15K	—	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	62.689	−0.002%	$13K	$173K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.711	+0.033%	$1K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.589	−0.161%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.650	−0.064%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLEshort	+0.0050%	1h	62.634	−0.089%	$2.4M	$3.8M	20x
edgeX XLEUSDC	+0.0589%	4h	62.705	+0.024%	$48K	$208K	10x	as long as short