Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h −0.018%

Price spread now: tradeXYZ against HTX−0.072%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.072% cheaper against HTX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XLE-USDT	62.523	0	get 0.0000% / 8h	4h 36m	$5K	$34K	10x
Short	tradeXYZ xyz:XLE	62.478	0.0087	get 0.0011% / 1h	36m 33s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.072%Rate

Funding earned: $18.34
Price spread: −0.072% → 0.000%: −$7.2
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.86
Costs to cover: 0.300%
Break-even: 14.2 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago	4.40 bp	14.4 bp −$14	20.9 bp −$209	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	−0.0227%	8h	62.420	−0.165%	$792K	$644K	20x	as long as short
edgeX XLEUSDC	−0.0225%	4h	62.502	−0.033%	$48K	$209K	10x	as long as short
BloFin XLE-USDT	−0.0015%	8h	62.520	−0.005%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.477	−0.074%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.516	−0.010%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.037%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.520	−0.005%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.037%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	−0.085%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.037%	$96K	$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	62.504	−0.030%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.487	−0.058%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.511	−0.019%	$2K	$4.7M	10x	as long as short
HTX XLE-USDTlong	0.0000%	8h	62.523	long leg	$5K	$34K	10x
QFEX XLE-USD	+0.0002%	1h	62.500	−0.037%	$1.2M	$4.5M	30x	as long as short
tradeXYZ xyz:XLEshort	+0.0087%	1h	62.478	−0.072%	$2.4M	$3.8M	20x