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: GRVT against HTX+0.116%7-day average — · you sell dearer than you buy

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

Long on HTX Short on GRVT

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: GRVT is 0.116% dearer against HTX than usual: you sell high and buy low, +$12 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	HTX XLE-USDT	62.711	0	get 0.0000% / 8h	2h 13m	$5K	$35K	10x
Short	GRVT XLE_USDT_Perp	62.784	0	get 0.0000% / 8h	2h 13m	$13K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against HTX. 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 HTXbpFee GRVTbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → 0.000%: $11.57
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.43
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; GRVT: live order book, 34 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 HTX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 34 min ago	5.58 bp	39.8 bp −$40	111.8 bp −$1,118	doesn't fit	doesn't fit

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 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	−0.0799%	4h	62.801	+0.143%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0241%	8h	62.690	−0.033%	$805K	$676K	20x	as long as short
BloFin XLE-USDT	−0.0006%	8h	62.740	+0.046%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.762	+0.081%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.812	+0.161%	$797K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.790	+0.126%	$324K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	+0.030%	$302K	$577K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.690	−0.033%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.750	+0.062%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	+0.046%	$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	62.794	+0.132%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perpshort	0.0000%	8h	62.784	+0.116%	$13K	$173K	10x
SunX XLE-USDT	0.0000%	8h	62.811	+0.159%	$2K	$4.5M	10x	as long as short
HTX XLE-USDTlong	0.0000%	8h	62.711	long leg	$5K	$35K	10x
QFEX XLE-USD	+0.0040%	1h	62.780	+0.110%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.756	+0.072%	$2.4M	$3.8M	20x	as long as short