Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h −0.008%

Price spread now: Bitget against QFEX+0.016%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XLE-USD	62.650	0.0040	pay 0.0005% / 1h	53m 19s	$1.2M	$4.2M	30x
Short	Bitget XLEUSDT	62.660	0	get 0.0000% / 8h	2h 53m	$95K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$8.32
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; Bitget: 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 QFEX live order book, 5 min ago	51.08 bp	60.7 bp −$61	69.6 bp −$696	doesn't fit	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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	−0.0265%	8h	62.490	−0.255%	$803K	$649K	20x	as long as short
BloFin XLE-USDT	−0.0011%	8h	62.530	−0.192%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.602	−0.077%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.692	+0.067%	$793K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.670	+0.032%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.600	−0.080%	$300K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.660	+0.016%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.670	+0.032%	$219K	$85K	20x	as long as short
Bitget XLEUSDTshort	0.0000%	8h	62.660	+0.016%	$95K	$81K	20x
Variational Omni XLE	0.0000%	8h	62.649	−0.002%	$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	62.654	+0.006%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.687	+0.059%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.518	−0.211%	$5K	$34K	10x	as long as short
QFEX XLE-USDlong	+0.0040%	1h	62.650	long leg	$1.2M	$4.2M	30x
tradeXYZ xyz:XLE	+0.0050%	1h	62.616	−0.054%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0900%	4h	62.648	−0.003%	$48K	$208K	10x	as long as short