Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.009%

Price spread now: BloFin against QFEX+0.032%99s7-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 BloFin

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.032% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XLE-USD	62.720	0.0031	pay 0.0004% / 1h	59m 27s	$1.2M	$4.0M	30x
Short	BloFin XLE-USDT	62.740	0.0028	get 0.0028% / 8h	59m 27s	$58K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.56
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; BloFin: 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, 4 min ago	4.78 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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
edgeX XLEUSDC	−0.0999%	4h	62.739	+0.031%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0244%	8h	62.590	−0.207%	$809K	$690K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.720	0.000%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.756	+0.057%	$794K	$985K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.700	−0.032%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	+0.016%	$302K	$568K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.032%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.730	+0.016%	$220K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.730	+0.016%	$95K	$87K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.739	+0.030%	$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	62.754	+0.054%	$13K	$165K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.746	+0.041%	$2K	$4.2M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.655	−0.104%	$5K	$36K	10x	as long as short
BloFin XLE-USDTshort	+0.0028%	8h	62.740	+0.032%	$58K	$9K	20x
QFEX XLE-USDlong	+0.0031%	1h	62.720	long leg	$1.2M	$4.0M	30x
tradeXYZ xyz:XLE	+0.0118%	1h	62.698	−0.035%	$2.4M	$3.8M	20x	as long as short