Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h +0.032%

Price spread now: Aster against tradeXYZ+0.066%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.066% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:XLE	62.464	0.0107	pay 0.0013% / 1h	24m 01s	$2.4M	$4.0M	20x
Short	Aster XLEUSDT	62.505	0	get 0.0000% / 8h	1h 24m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$22.45
Price spread: +0.066% → 0.000%: $6.58
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.87
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; Aster: 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 tradeXYZ live order book, 4 min ago	3.92 bp	14.5 bp −$15	21.9 bp −$219	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
BloFin XLE-USDT	−0.0016%	8h	62.470	+0.010%	$57K	$9K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.505	+0.066%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.525	+0.098%	$800K	$1.9M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.460	−0.006%	$329K	$275K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.430	−0.054%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.510	+0.074%	$61K	$21K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.520	+0.090%	$219K	$117K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.470	+0.010%	$95K	$169K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.522	+0.093%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.516	+0.083%	$1K	$7.1M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.556	+0.147%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0035%	1h	62.520	+0.090%	$1.3M	$5.4M	30x	as long as short
KuCoin XLEUSDTM	+0.0080%	8h	62.400	−0.102%	$767K	$626K	20x	as long as short
tradeXYZ xyz:XLElong	+0.0107%	1h	62.464	long leg	$2.4M	$4.0M	20x
GRVT XLE_USDT_Perp	+0.0112%	8h	62.556	+0.148%	$13K	$193K	10x	as long as short
edgeX XLEUSDC	+0.0796%	4h	62.576	+0.179%	$48K	$209K	10x	as long as short