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 −0.005%

Price spread now: Binance against GRVT+0.069%69s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.985% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.607%−$61 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.069%, 7d avg −0.012%

Together, before fees−0.665%+ Points / potential airdropGRVT: Active · farm board−$66 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.081% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 69 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	GRVT XLE_USDT_Perp	62.784	0	get 0.0000% / 8h	2h 12m	$13K	$173K	10x
Short	Binance XLEUSDT	62.827	0	get 0.0000% / 8h	2h 12m	$797K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.012%: $8.08
Slippage, 4 orders: −$79.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.45
Costs to cover: 0.985%
Break-even: never at this rate

Slippage from GRVT: live order book, 35 min ago; Binance: live order book, 5 min ago.

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 GRVT live order book, 35 min ago	5.58 bp	20.3 bp −$20	63.1 bp −$631	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	3.19 bp	21.8 bp −$22	88.4 bp −$884	doesn't fit	doesn't fit

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 XLEUSDC	−0.0799%	4h	62.801	+0.028%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0237%	8h	62.690	−0.149%	$806K	$676K	20x	as long as short
BloFin XLE-USDT	−0.0006%	8h	62.740	−0.069%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.766	−0.028%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.827	+0.069%	$797K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.790	+0.010%	$324K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.750	−0.053%	$302K	$577K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.690	−0.149%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.780	−0.006%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	−0.069%	$95K	$81K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.794	+0.017%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perplong	0.0000%	8h	62.784	long leg	$13K	$173K	10x
SunX XLE-USDT	0.0000%	8h	62.811	+0.044%	$2K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.711	−0.116%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.800	+0.026%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.758	−0.041%	$2.4M	$3.8M	20x	as long as short