Funding arb · Price arb /

XLE

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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 +0.005%

Price spread now: GRVT against MEXC−0.048%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.048%, 7d avg +0.032%

Together, before fees−0.031%+ Points / potential airdropGRVT: Active · farm board−$3 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: GRVT is 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.530	0	get 0.0000% / 8h	3h 47m	$219K	$86K	20x
Short	GRVT XLE_USDT_Perp	62.500	0	get 0.0000% / 8h	3h 47m	$13K	$174K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.032%: −$8
Slippage, 4 orders: −$75.21
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$92.21
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from MEXC: live order book, 52 min ago; GRVT: live order book, 5 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, 52 min ago	5.60 bp	13.4 bp −$13	94.0 bp −$940	221.7 bp −$22.2K	doesn't fit
Sell GRVT live order book, 5 min ago	3.20 bp	26.8 bp −$27	82.7 bp −$827	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	−0.0292%	8h	62.430	−0.160%	$797K	$646K	20x	as long as short
edgeX XLEUSDC	−0.0195%	4h	62.519	−0.017%	$48K	$209K	10x	as long as short
BloFin XLE-USDT	−0.0014%	8h	62.510	−0.032%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.523	−0.011%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.549	+0.031%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.530	0.000%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.530	0.000%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.048%	$64K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.530	long leg	$219K	$86K	20x
Bitget XLEUSDT	0.0000%	8h	62.510	−0.032%	$95K	$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	62.494	−0.057%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perpshort	0.0000%	8h	62.500	−0.048%	$13K	$174K	10x
SunX XLE-USDT	0.0000%	8h	62.552	+0.035%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.454	−0.122%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.520	−0.016%	$1.2M	$4.4M	30x	as long as short
tradeXYZ xyz:XLE	+0.0483%	1h	62.477	−0.085%	$2.4M	$3.8M	20x	as long as short