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: HTX against GRVT+0.023%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 HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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: HTX is 0.023% dearer against GRVT than usual: you sell high and buy low, +$2 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	GRVT XLE_USDT_Perp	62.585	0	get 0.0000% / 8h	6h 19m	$13K	$176K	10x
Short	HTX XLE-USDT	62.600	0	get 0.0000% / 8h	6h 19m	$5K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → 0.000%: $2.35
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.65
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 48 min ago; HTX: 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, 48 min ago	3.99 bp	15.9 bp −$16	76.4 bp −$764	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 15 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	−0.0184%	8h	62.410	−0.280%	$789K	$653K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.464	−0.194%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.533	−0.084%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.490	−0.152%	$323K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	−0.184%	$299K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.136%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.500	−0.136%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.136%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.518	−0.107%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perplong	0.0000%	8h	62.585	long leg	$13K	$176K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.536	−0.079%	$2K	$4.9M	10x	as long as short
HTX XLE-USDTshort	0.0000%	8h	62.600	+0.023%	$5K	$35K	10x
QFEX XLE-USD	+0.0047%	1h	62.500	−0.136%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0154%	1h	62.454	−0.210%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0480%	4h	62.517	−0.109%	$48K	$210K	10x	as long as short