Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.020%

Price spread now: QFEX against HTX−0.085%7-day average — · you buy dearer than you sell

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. QFEX is 0.085% cheaper against HTX than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 6.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XLE-USDT	62.593	0	get 0.0000% / 8h	26m 01s	$5K	$34K	10x
Short	QFEX XLE-USD	62.540	0.0047	get 0.0006% / 1h	26m 01s	$1.3M	$5.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $9.79
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.67
Costs to cover: 0.220%
Break-even: 21.8 days

Slippage unknown: HTX: no order-book sample; QFEX: 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	3.20 bp	8.4 bp −$8	16.7 bp −$167	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
KuCoin XLEUSDTM	−0.0099%	8h	62.330	−0.420%	$774K	$602K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.506	−0.139%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.510	−0.133%	$798K	$1.5M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.480	−0.181%	$325K	$261K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.430	−0.260%	$298K	$640K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.520	−0.117%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.520	−0.117%	$219K	$111K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.470	−0.197%	$94K	$155K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.523	−0.112%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.525	−0.109%	$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-USDTlong	0.0000%	8h	62.593	long leg	$5K	$34K	10x
BloFin XLE-USDT	+0.0004%	8h	62.440	−0.244%	$58K	$9K	20x	as long as short
QFEX XLE-USDshort	+0.0047%	1h	62.540	−0.085%	$1.3M	$5.7M	30x
GRVT XLE_USDT_Perp	+0.0051%	8h	62.547	−0.074%	$13K	$185K	10x	as long as short
tradeXYZ xyz:XLE	+0.0166%	1h	62.484	−0.174%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDC	+0.0389%	4h	62.523	−0.112%	$48K	$209K	10x	as long as short