Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0960%/8h= −105.1% APRpaid last 24h −0.061%

Price spread now: edgeX against SunX+0.009%74s7-day average −0.008% · you sell dearer than you buy

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.009%, 7d avg −0.008%

Together, before fees+0.185%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.230%, so the current rate has only just turned against you. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.596	0	get 0.0000% / 8h	3h 27m	$2K	$4.6M	10x
Short	edgeX XLEUSDC	62.602	−0.0960	pay 0.0480% / 4h	3h 27m	$48K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$201.51
Price spread: +0.009% → −0.008%: $1.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$216.79
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; edgeX: live order book, 24 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 SunX live order book, 11 min ago	47.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	9.60 bp	16.3 bp −$16	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
edgeX XLEUSDCshort	−0.0960%	4h	62.602	+0.009%	$48K	$210K	10x
KuCoin XLEUSDTM	−0.0275%	8h	62.430	−0.265%	$797K	$640K	20x	as long as short
BloFin XLE-USDT	−0.0002%	8h	62.590	−0.010%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.552	−0.071%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.580	−0.026%	$791K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.590	−0.010%	$324K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.570	−0.042%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.520	−0.121%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.580	−0.026%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.530	−0.105%	$95K	$81K	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	62.624	+0.045%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.607	+0.018%	$13K	$174K	10x	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.596	long leg	$2K	$4.6M	10x
HTX XLE-USDT	0.0000%	8h	62.489	−0.171%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.560	−0.058%	$1.2M	$4.3M	30x	as long as short
tradeXYZ xyz:XLE	+0.0256%	1h	62.549	−0.075%	$2.4M	$3.8M	20x	as long as short