Funding arb · Price arb /

XLE

RWAall XLE markets

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 0.000%

Price spread now: Binance against MEXC+0.051%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.621%−$62 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.051%, 7d avg +0.016%

Together, before fees−0.738%−$74 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.035% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.500	0	get 0.0000% / 8h	3h 49m	$219K	$85K	20x
Short	Binance XLEUSDT	62.532	0	get 0.0000% / 8h	3h 49m	$792K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.016%: $3.46
Slippage, 4 orders: −$55.36
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.9
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from MEXC: live order book, 50 min ago; Binance: live order book, 13 min ago.

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 MEXC live order book, 50 min ago	5.60 bp	13.4 bp −$13	94.0 bp −$940	221.7 bp −$22.2K	doesn't fit
Sell Binance live order book, 13 min ago	3.20 bp	21.0 bp −$21	85.0 bp −$850	doesn't fit	doesn't fit

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	−0.0297%	8h	62.410	−0.144%	$796K	$645K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.502	+0.002%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.532	+0.051%	$792K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.520	+0.032%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	+0.016%	$300K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.480	−0.032%	$64K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.500	long leg	$219K	$85K	20x
Bitget XLEUSDT	0.0000%	8h	62.510	+0.016%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.494	−0.009%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.500	0.000%	$13K	$174K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.517	+0.027%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.505	+0.008%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0008%	8h	62.510	+0.016%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.510	+0.016%	$1.2M	$4.4M	30x	as long as short
edgeX XLEUSDC	+0.0297%	4h	62.475	−0.040%	$48K	$209K	10x	as long as short
tradeXYZ xyz:XLE	+0.0493%	1h	62.464	−0.058%	$2.4M	$3.8M	20x	as long as short