Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: GRVT against SunX−0.024%74s7-day average +0.023% · you buy dearer than you sell

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

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.024%, 7d avg +0.023%

Together, before fees−0.012%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.047% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 74 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	SunX XLE-USDT	62.511	0	get 0.0000% / 8h	4h 42m	$1K	$4.7M	10x
Short	GRVT XLE_USDT_Perp	62.496	0	get 0.0000% / 8h	4h 42m	$13K	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.023%: −$4.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.72
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; GRVT: live order book, 15 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, 6 min ago	48.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 15 min ago	3.20 bp	34.0 bp −$34	89.5 bp −$895	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
KuCoin XLEUSDTM	−0.0239%	8h	62.440	−0.114%	$792K	$644K	20x	as long as short
BloFin XLE-USDT	0.0000%	8h	62.470	−0.066%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.479	−0.051%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.517	+0.009%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.018%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.500	−0.018%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.490	−0.034%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.490	−0.034%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.018%	$96K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.504	−0.011%	$44K	$14K	—	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_Perpshort	0.0000%	8h	62.496	−0.024%	$13K	$175K	10x
SunX XLE-USDTlong	0.0000%	8h	62.511	long leg	$1K	$4.7M	10x
HTX XLE-USDT	0.0000%	8h	62.519	+0.013%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	−0.018%	$1.2M	$4.6M	30x	as long as short
tradeXYZ xyz:XLE	+0.0094%	1h	62.478	−0.053%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0353%	4h	62.506	−0.008%	$48K	$210K	10x	as long as short