Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0494%/8h= +54.0% APRpaid last 24h −0.064%

Price spread now: edgeX against GRVT−0.045%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.045%, 7d avg −0.031%

Together, before fees+0.390%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.342% in total (about 17.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XLE_USDT_Perp	62.550	0.0045	pay 0.0045% / 8h	22m 48s	$13K	$185K	10x
Short	edgeX XLEUSDC	62.521	0.0539	get 0.0269% / 4h	22m 48s	$48K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $103.65
Price spread: −0.045% → −0.031%: −$1.44
Slippage, 4 orders: −$85.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.08
Costs to cover: 1.033%
Break-even: 7.1 days

Slippage from GRVT: live order book, 54 min ago; edgeX: live order book, 54 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, 54 min ago	7.99 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 54 min ago	6.40 bp	13.4 bp −$13	doesn't fit	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
KuCoin XLEUSDTM	−0.0119%	8h	62.340	−0.335%	$774K	$603K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.512	−0.061%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.510	−0.064%	$798K	$1.5M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.480	−0.112%	$325K	$258K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.430	−0.191%	$298K	$632K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.520	−0.048%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.520	−0.048%	$219K	$111K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	−0.112%	$94K	$153K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.523	−0.043%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.525	−0.040%	$2K	$6.2M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.614	+0.103%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0006%	8h	62.350	−0.319%	$57K	$9K	20x	as long as short
GRVT XLE_USDT_Perplong	+0.0045%	8h	62.550	long leg	$13K	$185K	10x
QFEX XLE-USD	+0.0047%	1h	62.530	−0.032%	$1.3M	$5.8M	30x	as long as short
tradeXYZ xyz:XLE	+0.0163%	1h	62.494	−0.089%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDCshort	+0.0539%	4h	62.521	−0.045%	$48K	$210K	10x