Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.018%

Price spread now: MEXC against tradeXYZ+0.029%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.029%, 7d avg +0.080%

Together, before fees+0.037%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.051% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:XLE	62.422	0.0172	pay 0.0021% / 1h	9m 48s	$2.4M	$3.8M	20x
Short	MEXC XLE_USDT	62.440	0	get 0.0000% / 8h	4h 09m	$219K	$88K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$36.11
Price spread: +0.029% → +0.080%: −$5.1
Slippage, 4 orders: −$46.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$105.84
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; MEXC: live order book, 30 min ago.

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, 7 min ago	5.44 bp	19.7 bp −$20	37.3 bp −$373	doesn't fit	doesn't fit
Sell MEXC live order book, 30 min ago	5.60 bp	12.1 bp −$12	99.1 bp −$991	209.2 bp −$20.9K	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	−0.0276%	8h	62.300	−0.195%	$790K	$642K	20x	as long as short
BloFin XLE-USDT	−0.0002%	8h	62.480	+0.093%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.449	+0.043%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.490	+0.109%	$793K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.450	+0.045%	$322K	$200K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	+0.077%	$300K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.460	+0.061%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.440	+0.029%	$219K	$88K	20x
Bitget XLEUSDT	0.0000%	8h	62.500	+0.125%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.459	+0.059%	$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_Perp	0.0000%	8h	62.490	+0.109%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.502	+0.128%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.468	+0.074%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.460	+0.061%	$1.2M	$4.4M	30x	as long as short
edgeX XLEUSDC	+0.0086%	4h	62.461	+0.062%	$48K	$210K	10x	as long as short
tradeXYZ xyz:XLElong	+0.0172%	1h	62.422	long leg	$2.4M	$3.8M	20x