Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

XLE

RWAAll XLE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
QFEXXLE-USD
66.650+0.0004pay 0.0001% / 1h17m 38s$1.4M$2.1M30xLong QFEX10% back
SHORT
BingXNCSKXLE2USD-USDT
66.680−0.0050pay 0.0050% / 8h7h 17m$928K$1.3M—Short BingX
Price gap+0.045%
Funding gap−0.0054% /8h

Funding costs $2 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3−0.0054% /8h now · paid +0.032% over the last 7D
Price−$1spread +0.045% now, avg +0.059% → −0.014% if it goes back
Costs−$420.417% of $10k · taker + slippage, in and out
Result−$40−0.40%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.045%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XLE on 17 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • OK: Fits both order books11.7 / 10.0 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$333 + —
    QFEX 30x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$1.63Long QFEX: 24 payments, −$0.13; short BingX: 3 payments, −$1.50.
  • Note: Gap at its usual level+0.045% vs +0.059%
    The price leg adds little either way.
  • Watch: Short leg is thinner$928K vs $1.4M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCQFEX No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0015%/8h × 21 periods+$3.23
Price spread+0.045% → +0.059% (7d avg)−$1.41
Slippage, 4 orderslive order books−$21.73
Fee QFEX bp × 2 orders−$10.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$39.91
Costs to cover0.417%Break-even93.6 days
Slippage: QFEX: live order book, 3 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGQFEX3.7511.7 bp−$1220.1 bp−$201doesn’t fitdoesn’t fit
SELL · SHORTBingX0.7510.0 bp−$1019.6 bp−$196doesn’t fitdoesn’t fit

Closing costs about the same again.

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