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+0.0318%/8h= +34.8% APRnext payment +$3.18 per $10,000 · paid last 24h −0.002%
Price spread now: HTX against KuCoin+0.101%51s7-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 5 days (all we have)no history yet
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 +$10 a day on $10k at the current rate, and HTX is 0.101% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XLEUSDTM62.570−0.0318get 0.0318% / 8h7m 29s$828K$783K20x
ShortHTX XLE-USDT62.6330get 0.0000% / 8h7m 29s$5K$35K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$66.78
Price spread: +0.101% → 0.000%
$10.07
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$52.85
Costs to cover
0.240%
Break-even
1.5 days
Slippage unknown: KuCoin: live order book, 67 min ago; HTX: 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, 67 min ago4.80 bp285.7 bp −$286doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLEUSDTMlong−0.0318%8h62.570long leg$828K$783K20x
BloFin XLE-USDT−0.0017%8h62.720+0.240%$58K$9K20xas long as short
Aster XLEUSDT0.0000%8h62.731+0.258%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.750+0.288%$790K$983K20xas long as short
Bybit XLEUSDT0.0000%8h62.720+0.240%$321K$204K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.650+0.128%$301K$523K20xas long as short
Gate XLE_USDT0.0000%8h62.700+0.208%$64K$12K20xas long as short
MEXC XLE_USDT0.0000%8h62.720+0.240%$220K$87K20xas long as short
Bitget XLEUSDT0.0000%8h62.750+0.288%$95K$80K20xas long as short
Variational Omni XLE0.0000%8h62.752+0.291%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XLE_USDT_Perp0.0000%8h62.780+0.335%$13K$160K10xas long as short
SunX XLE-USDT0.0000%8h62.757+0.299%$1K$3.8M10xas long as short
HTX XLE-USDTshort0.0000%8h62.633+0.101%$5K$35K10x
QFEX XLE-USD+0.0033%1h62.680+0.176%$1.2M$4.0M30xas long as short
tradeXYZ xyz:XLE+0.0050%1h62.650+0.128%$2.3M$3.8M20xas long as short
edgeX XLEUSDC+0.0769%4h62.752+0.291%$48K$208K10xas long as short