Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Variational Omni 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

Long on Gate 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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.055% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XLE_USDT	62.460	0	get 0.0000% / 8h	3h 56m	$63K	$12K	20x
Short	Variational Omni XLE	62.494	0	get 0.0000% / 8h	3h 56m	$44K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → 0.000%: $5.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.55
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; 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 Gate no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Gate and 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
KuCoin XLEUSDTM	−0.0306%	8h	62.320	−0.224%	$796K	$645K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.478	+0.028%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.470	+0.016%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.480	+0.032%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	+0.080%	$300K	$558K	20x	as long as short
Gate XLE_USDTlong	0.0000%	8h	62.460	long leg	$63K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.480	+0.032%	$219K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	+0.064%	$95K	$81K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.494	+0.055%	$44K	$14K	—
GRVT XLE_USDT_Perp	0.0000%	8h	62.483	+0.036%	$13K	$175K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.492	+0.051%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.432	−0.045%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0012%	8h	62.510	+0.080%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.490	+0.048%	$1.2M	$4.4M	30x	as long as short
tradeXYZ xyz:XLE	+0.0313%	1h	62.434	−0.042%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0390%	4h	62.504	+0.070%	$48K	$208K	10x	as long as short