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: SunX against GRVT+0.020%7-day average −0.022% · you sell dearer than you buy

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

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.020%, 7d avg −0.022%

Together, before fees+0.001%+ Points / potential airdropGRVT: Active · farm board$0 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: SunX is 0.042% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XLE_USDT_Perp	62.689	0	get 0.0000% / 8h	2h 30m	$13K	$173K	10x
Short	SunX XLE-USDT	62.702	0	get 0.0000% / 8h	2h 30m	$1K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.022%: $4.22
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.78
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 16 min ago; SunX: live order book, 8 min ago. 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, 16 min ago	5.58 bp	20.3 bp −$20	63.1 bp −$631	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	48.47 bp	doesn't fit	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
edgeX XLEUSDC	−0.0699%	4h	62.698	+0.013%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0277%	8h	62.620	−0.111%	$809K	$673K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.640	−0.078%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.714	+0.039%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.690	+0.001%	$324K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.690	+0.001%	$302K	$579K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.680	−0.015%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.660	−0.047%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.680	−0.015%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.700	+0.017%	$44K	$15K	—	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	62.689	long leg	$13K	$173K	10x
SunX XLE-USDTshort	0.0000%	8h	62.702	+0.020%	$1K	$4.5M	10x
HTX XLE-USDT	0.0000%	8h	62.568	−0.194%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0013%	8h	62.690	+0.001%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.690	+0.001%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.623	−0.106%	$2.4M	$3.8M	20x	as long as short