Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni−0.091%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.091% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLE	62.653	0	get 0.0000% / 8h	3h 08m	$44K	$15K	—
Short	Aster XLEUSDT	62.596	0	get 0.0000% / 8h	3h 08m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → 0.000%: −$9.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.11
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Variational Omni and 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
edgeX XLEUSDC	−0.0680%	4h	62.626	−0.044%	$48K	$208K	10x	as long as short
KuCoin XLEUSDTM	−0.0272%	8h	62.500	−0.245%	$801K	$646K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.596	−0.091%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.677	+0.037%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.650	−0.005%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	−0.181%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.540	−0.181%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.660	+0.011%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	−0.165%	$95K	$81K	20x	as long as short
Variational Omni XLElong	0.0000%	8h	62.653	long leg	$44K	$15K	—

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	62.609	−0.072%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.676	+0.036%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.564	−0.143%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0009%	8h	62.540	−0.181%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.640	−0.021%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0120%	1h	62.593	−0.096%	$2.4M	$3.8M	20x	as long as short