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 −0.025%

Price spread now: Gate against GRVT+0.053%81s7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.053% dearer against GRVT 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). The two prices were read 81 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	62.647	0	get 0.0000% / 8h	3h 00m	$13K	$174K	10x
Short	Gate XLE_USDT	62.680	0	get 0.0000% / 8h	3h 00m	$64K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → 0.000%: $5.26
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.74
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 52 min ago; Gate: 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, 52 min ago	3.20 bp	32.0 bp −$32	93.0 bp −$930	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

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
edgeX XLEUSDC	−0.0384%	4h	62.671	+0.039%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0263%	8h	62.500	−0.235%	$802K	$649K	20x	as long as short
BloFin XLE-USDT	−0.0024%	8h	62.540	−0.171%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.593	−0.085%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.666	+0.031%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.640	−0.011%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.590	−0.091%	$300K	$560K	20x	as long as short
Gate XLE_USDTshort	0.0000%	8h	62.680	+0.053%	$64K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.650	+0.005%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.640	−0.011%	$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	62.659	+0.019%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perplong	0.0000%	8h	62.647	long leg	$13K	$174K	10x
SunX XLE-USDT	0.0000%	8h	62.667	+0.032%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.556	−0.145%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.640	−0.011%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0075%	1h	62.593	−0.086%	$2.4M	$3.8M	20x	as long as short