Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h −0.060%

Price spread now: edgeX against MEXC+0.039%83s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.527% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.325%+$33 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.039%, 7d avg +0.002%

Together, before fees+0.220%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.037% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.560	0	get 0.0000% / 8h	1h 48m	$219K	$115K	20x
Short	edgeX XLEUSDC	62.584	0.0356	get 0.0178% / 4h	1h 48m	$48K	$211K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $74.72
Price spread: +0.039% → +0.002%: $3.72
Slippage, 4 orders: −$43.65
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $25.79
Costs to cover: 0.527%
Break-even: 4.6 days

Slippage from MEXC: live order book, 24 min ago; edgeX: live order book, 34 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, 24 min ago	3.19 bp	11.0 bp −$11	111.2 bp −$1,112	214.4 bp −$21.4K	291.1 bp −$145.6K
Sell edgeX live order book, 34 min ago	9.58 bp	16.3 bp −$16	doesn't fit	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
BloFin XLE-USDT	−0.0002%	8h	62.520	−0.064%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.548	−0.019%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.583	+0.037%	$802K	$1.9M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.530	−0.048%	$329K	$283K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	−0.080%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.560	0.000%	$61K	$21K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.560	long leg	$219K	$115K	20x
Bitget XLEUSDT	0.0000%	8h	62.530	−0.048%	$95K	$169K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.585	+0.039%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.586	+0.042%	$1K	$7.1M	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-USDT	0.0000%	8h	62.647	+0.139%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0035%	1h	62.570	+0.016%	$1.3M	$5.2M	30x	as long as short
KuCoin XLEUSDTM	+0.0100%	8h	62.440	−0.192%	$769K	$578K	20x	as long as short
tradeXYZ xyz:XLE	+0.0139%	1h	62.535	−0.040%	$2.4M	$4.0M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0167%	8h	62.569	+0.014%	$14K	$193K	10x	as long as short
edgeX XLEUSDCshort	+0.0356%	4h	62.584	+0.039%	$48K	$211K	10x