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: Variational Omni against MEXC+0.107%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.107% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.490	0	get 0.0000% / 8h	7h 53m	$219K	$100K	20x
Short	Variational Omni XLE	62.557	0	get 0.0000% / 8h	7h 53m	$44K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → 0.000%: $10.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.65
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	4.00 bp	8.5 bp −$8	97.2 bp −$972	212.3 bp −$21.2K	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLEUSDTM	−0.0170%	8h	62.380	−0.176%	$784K	$598K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.508	+0.029%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.527	+0.059%	$799K	$1.3M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.470	−0.032%	$323K	$211K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	−0.048%	$299K	$579K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	+0.064%	$61K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.490	long leg	$219K	$100K	20x
Bitget XLEUSDT	0.0000%	8h	62.530	+0.064%	$94K	$102K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.557	+0.107%	$44K	$15K	—
SunX XLE-USDT	0.0000%	8h	62.596	+0.170%	$2K	$5.7M	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	62.539	+0.078%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0024%	8h	62.370	−0.192%	$57K	$9K	20x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.500	+0.016%	$1.2M	$5.9M	30x	as long as short
tradeXYZ xyz:XLE	+0.0311%	1h	62.463	−0.043%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0497%	4h	62.543	+0.085%	$48K	$210K	10x	as long as short
GRVT XLE_USDT_Perp	+0.0674%	8h	62.541	+0.082%	$14K	$178K	10x	as long as short