Funding arb · Price arb /

XLE

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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: Bitget against GRVT+0.001%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XLE_USDT_Perp	62.499	0	get 0.0000% / 8h	4h 45m	$13K	$175K	10x
Short	Bitget XLEUSDT	62.500	0	get 0.0000% / 8h	4h 45m	$96K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → 0.000%: $0.14
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.86
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 11 min ago; Bitget: 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 GRVT live order book, 11 min ago	3.20 bp	23.8 bp −$24	85.6 bp −$856	doesn't fit	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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	−0.0250%	8h	62.440	−0.095%	$792K	$646K	20x	as long as short
BloFin XLE-USDT	−0.0001%	8h	62.500	+0.001%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.485	−0.023%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.518	+0.030%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	+0.001%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.500	+0.001%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.490	−0.015%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	−0.047%	$219K	$86K	20x	as long as short
Bitget XLEUSDTshort	0.0000%	8h	62.500	+0.001%	$96K	$81K	20x
Variational Omni XLE	0.0000%	8h	62.504	+0.008%	$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_Perplong	0.0000%	8h	62.499	long leg	$13K	$175K	10x
SunX XLE-USDT	0.0000%	8h	62.511	+0.019%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.582	+0.133%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	+0.001%	$1.2M	$4.7M	30x	as long as short
tradeXYZ xyz:XLE	+0.0106%	1h	62.481	−0.029%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0353%	4h	62.506	+0.011%	$48K	$210K	10x	as long as short