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 −0.630%

Price spread now: Binance against OKX+0.288%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.630%−$63 on $10k

Price spread, last 2 days (all we have)−0.209%−$21 · spread now +0.288%, 7d avg +0.087%

Together, before fees−0.839%−$84 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 0.201% dearer against OKX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLE-USDT-SWAP	62.400	0	get 0.0000% / 8h	7h 54m	$298K	$579K	20x
Short	Binance XLEUSDT	62.580	0	get 0.0000% / 8h	7h 54m	$799K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.288%Rate

Funding earned: $0
Price spread: +0.288% → +0.087%: $20.1
Slippage, 4 orders: −$42.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.72
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from OKX: live order book, 16 min ago; Binance: live order book, 9 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 OKX live order book, 16 min ago	4.81 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	3.20 bp	16.0 bp −$16	70.4 bp −$704	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	−0.0171%	8h	62.400	0.000%	$785K	$599K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.504	+0.167%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.580	+0.288%	$799K	$1.3M	20x
Bybit XLEUSDT	0.0000%	8h	62.490	+0.144%	$324K	$217K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.400	long leg	$298K	$579K	20x
Gate XLE_USDT	0.0000%	8h	62.530	+0.208%	$61K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.560	+0.256%	$219K	$100K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.520	+0.192%	$94K	$102K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.557	+0.251%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.596	+0.314%	$1K	$5.8M	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	62.557	+0.252%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0024%	8h	62.370	−0.048%	$57K	$9K	20x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.520	+0.192%	$1.2M	$5.9M	30x	as long as short
tradeXYZ xyz:XLE	+0.0298%	1h	62.486	+0.138%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0497%	4h	62.543	+0.229%	$48K	$210K	10x	as long as short
GRVT XLE_USDT_Perp	+0.0674%	8h	62.541	+0.226%	$14K	$178K	10x	as long as short