Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h +0.009%

Price spread now: HTX against tradeXYZ−0.030%49s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on HTX

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and HTX is 0.030% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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	62.522	0.0318	pay 0.0040% / 1h	38m 28s	$2.4M	$3.8M	20x
Short	HTX XLE-USDT	62.503	0	get 0.0000% / 8h	3h 38m	$5K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$66.74
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$99.78
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; HTX: 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, 10 min ago	8.08 bp	19.7 bp −$20	45.4 bp −$454	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0280%	8h	62.380	−0.227%	$795K	$644K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.516	−0.009%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.561	+0.063%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.530	+0.013%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	+0.029%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.510	−0.019%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.530	+0.013%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.035%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.524	+0.003%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.539	+0.027%	$13K	$174K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.537	+0.024%	$1K	$4.6M	10x	as long as short
HTX XLE-USDTshort	0.0000%	8h	62.503	−0.030%	$5K	$34K	10x
BloFin XLE-USDT	+0.0005%	8h	62.530	+0.013%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.550	+0.045%	$1.2M	$4.4M	30x	as long as short
tradeXYZ xyz:XLElong	+0.0318%	1h	62.522	long leg	$2.4M	$3.8M	20x
edgeX XLEUSDC	+0.0786%	4h	62.527	+0.008%	$48K	$208K	10x	as long as short