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 0.000%

Price spread now: OKX against MEXC−0.016%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.016%, 7d avg −0.069%

Together, before fees−0.068%−$7 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: OKX is 0.053% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.590	0	get 0.0000% / 8h	3h 18m	$219K	$87K	20x
Short	OKX XLE-USDT-SWAP	62.580	0	get 0.0000% / 8h	3h 18m	$300K	$560K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.069%: $5.28
Slippage, 4 orders: −$64.93
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.66
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from MEXC: live order book, 16 min ago; OKX: live order book, 32 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, 16 min ago	7.99 bp	13.5 bp −$13	75.1 bp −$751	199.1 bp −$19.9K	270.5 bp −$135.3K
Sell OKX live order book, 32 min ago	3.20 bp	33.6 bp −$34	271.1 bp −$2,711	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	−0.0282%	8h	62.450	−0.224%	$802K	$643K	20x	as long as short
BloFin XLE-USDT	−0.0014%	8h	62.590	0.000%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.574	−0.025%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.620	+0.048%	$791K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.590	0.000%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.580	−0.016%	$300K	$560K	20x
Gate XLE_USDT	0.0000%	8h	62.530	−0.096%	$64K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.590	long leg	$219K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.590	0.000%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.574	−0.025%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.599	+0.014%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.636	+0.073%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.461	−0.206%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.550	−0.064%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0193%	1h	62.564	−0.042%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0534%	4h	62.571	−0.030%	$48K	$209K	10x	as long as short