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 0.000%

Price spread now: SunX against OKX+0.042%7-day average +0.084% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.042%, 7d avg +0.084%

Together, before fees−0.078%−$8 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: SunX is 0.043% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLE-USDT-SWAP	62.440	0	get 0.0000% / 8h	5h 30m	$299K	$558K	20x
Short	SunX XLE-USDT	62.466	0	get 0.0000% / 8h	5h 30m	$2K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.084%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 31 min ago; SunX: live order book, 8 min ago. 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 OKX live order book, 31 min ago	8.81 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	46.10 bp	doesn't fit	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
KuCoin XLEUSDTM	−0.0309%	8h	62.360	−0.128%	$793K	$652K	20x	as long as short
BloFin XLE-USDT	−0.0022%	8h	62.350	−0.144%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.454	+0.023%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.470	+0.048%	$795K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.440	0.000%	$322K	$206K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.440	long leg	$299K	$558K	20x
Gate XLE_USDT	0.0000%	8h	62.450	+0.016%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	+0.048%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	+0.064%	$95K	$83K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.457	+0.028%	$44K	$14K	—	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	62.468	+0.045%	$13K	$174K	10x	as long as short
SunX XLE-USDTshort	0.0000%	8h	62.466	+0.042%	$2K	$4.7M	10x
HTX XLE-USDT	0.0000%	8h	62.482	+0.067%	$5K	$34K	10x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.447	+0.011%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.460	+0.032%	$1.2M	$5.4M	30x	as long as short
edgeX XLEUSDC	+0.0561%	4h	62.453	+0.021%	$48K	$210K	10x	as long as short