Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0264%/8h= +28.9% APRnext payment +$2.64 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against KuCoin+0.193%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.193% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XLEUSDTM62.300−0.0268get 0.0268% / 8h4h 12m$790K$641K20x
ShortBloFin XLE-USDT62.420−0.0004pay 0.0004% / 8h4h 12m$58K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Funding earned
$55.38
Price spread: +0.193% → 0.000%
$19.26
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$50.64
Costs to cover
0.240%
Break-even
0.6 days
Slippage unknown: KuCoin: live order book, 17 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 17 min ago4.01 bp426.6 bp −$427doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLEUSDTMlong−0.0268%8h62.300long leg$790K$641K20x
BloFin XLE-USDTshort−0.0004%8h62.420+0.193%$58K$9K20x
Aster XLEUSDT0.0000%8h62.444+0.231%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.440+0.225%$793K$1.0M20xas long as short
Bybit XLEUSDT0.0000%8h62.450+0.241%$322K$200K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.460+0.257%$300K$558K20xas long as short
Gate XLE_USDT0.0000%8h62.460+0.257%$61K$11K20xas long as short
MEXC XLE_USDT0.0000%8h62.460+0.257%$219K$88K20xas long as short
Bitget XLEUSDT0.0000%8h62.470+0.273%$95K$81K20xas long as short
Variational Omni XLE0.0000%8h62.464+0.263%$44K$14Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XLE_USDT_Perp0.0000%8h62.490+0.305%$13K$174K10xas long as short
SunX XLE-USDT0.0000%8h62.467+0.268%$1K$4.6M10xas long as short
HTX XLE-USDT0.0000%8h62.492+0.308%$5K$34K10xas long as short
QFEX XLE-USD+0.0002%1h62.450+0.241%$1.2M$4.4M30xas long as short
edgeX XLEUSDC+0.0086%4h62.461+0.258%$48K$210K10xas long as short
tradeXYZ xyz:XLE+0.0145%1h62.442+0.228%$2.4M$3.8M20xas long as short