Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.020%

Price spread now: HTX against QFEX+0.232%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 HTX

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. HTX is 0.232% dearer against QFEX than usual: you sell high and buy low (spread +0.232% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XLE-USD	62.450	0.0047	pay 0.0006% / 1h	39m 40s	$1.3M	$5.6M	30x
Short	HTX XLE-USDT	62.595	0	get 0.0000% / 8h	39m 40s	$5K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.232%Rate

Funding earned: −$9.79
Price spread: +0.232% → 0.000%: $23.22
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.58
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: QFEX: live order book, 4 min ago; HTX: 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	3.20 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0816%	4h	62.535	+0.136%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0035%	8h	62.380	−0.112%	$773K	$605K	20x	as long as short
BloFin XLE-USDT	−0.0001%	8h	62.450	0.000%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.520	+0.111%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.550	+0.160%	$797K	$1.6M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	+0.080%	$325K	$263K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.440	−0.016%	$298K	$641K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	+0.128%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	+0.096%	$219K	$110K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.510	+0.096%	$94K	$155K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.537	+0.140%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.551	+0.162%	$1K	$6.4M	10x	as long as short
HTX XLE-USDTshort	0.0000%	8h	62.595	+0.232%	$5K	$34K	10x
QFEX XLE-USDlong	+0.0047%	1h	62.450	long leg	$1.3M	$5.6M	30x
GRVT XLE_USDT_Perp	+0.0052%	8h	62.546	+0.154%	$13K	$186K	10x	as long as short
tradeXYZ xyz:XLE	+0.0199%	1h	62.463	+0.021%	$2.4M	$4.0M	20x	as long as short