Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX−0.051%57s7-day average −0.083% · you buy dearer than you sell

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.051%, 7d avg −0.083%

Together, before fees+0.088%+$9 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: OKX is 0.032% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.083%. The two prices were read 57 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	62.672	0	get 0.0000% / 8h	7h 25m	$940	$3.5M	10x
Short	OKX XLE-USDT-SWAP	62.640	0	get 0.0000% / 8h	7h 25m	$299K	$482K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.083%: $3.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; OKX: live order book, 5 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, 3 min ago	45.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.99 bp	22.3 bp −$22	248.6 bp −$2,486	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	−0.0266%	8h	62.580	−0.147%	$831K	$806K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.706	+0.054%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.703	+0.050%	$783K	$954K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.680	+0.013%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.640	−0.051%	$299K	$482K	20x
Gate XLE_USDT	0.0000%	8h	62.680	+0.013%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.700	+0.045%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	+0.109%	$97K	$66K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.663	−0.015%	$44K	$13K	—	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.672	long leg	$940	$3.5M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.521	−0.241%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0025%	8h	62.640	−0.051%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.720	+0.077%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0100%	1h	62.650	−0.035%	$2.3M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0789%	4h	62.630	−0.067%	$48K	$208K	10x	as long as short
GRVT XLE_USDT_Perp	+0.0965%	8h	62.660	−0.019%	$13K	$152K	10x	as long as short