Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.008%

Price spread now: BloFin against tradeXYZ+0.011%68s7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 68 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	tradeXYZ xyz:XLE	62.593	0.0096	pay 0.0012% / 1h	3m 47s	$2.4M	$3.8M	20x
Short	BloFin XLE-USDT	62.600	0.0011	get 0.0011% / 8h	3h 03m	$58K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$17.85
Price spread: +0.011% → 0.000%: $1.12
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.73
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; BloFin: 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, 3 min ago	1.68 bp	18.2 bp −$18	48.7 bp −$487	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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
KuCoin XLEUSDTM	−0.0264%	8h	62.520	−0.117%	$800K	$647K	20x	as long as short
edgeX XLEUSDC	−0.0073%	4h	62.667	+0.118%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.604	+0.018%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.670	+0.123%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.650	+0.091%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	−0.085%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	−0.101%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.650	+0.091%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	−0.069%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.669	+0.121%	$44K	$15K	—	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_Perp	0.0000%	8h	62.640	+0.075%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.672	+0.126%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.590	−0.005%	$5K	$34K	10x	as long as short
BloFin XLE-USDTshort	+0.0011%	8h	62.600	+0.011%	$58K	$9K	20x
QFEX XLE-USD	+0.0026%	1h	62.630	+0.059%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLElong	+0.0096%	1h	62.593	long leg	$2.4M	$3.8M	20x