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: Bitget against Variational Omni−0.006%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLE	62.504	0	get 0.0000% / 8h	4h 48m	$44K	$14K	—
Short	Bitget XLEUSDT	62.500	0	get 0.0000% / 8h	4h 48m	$96K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.65
Costs to cover: 0.120%
Break-even: never at this rate

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

Variational Omni and Bitget: 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	−0.0255%	8h	62.410	−0.150%	$792K	$645K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.476	−0.045%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.525	+0.034%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.006%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.520	+0.025%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.006%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.490	−0.022%	$219K	$86K	20x	as long as short
Bitget XLEUSDTshort	0.0000%	8h	62.500	−0.006%	$96K	$81K	20x
Variational Omni XLElong	0.0000%	8h	62.504	long leg	$44K	$14K	—
GRVT XLE_USDT_Perp	0.0000%	8h	62.490	−0.023%	$13K	$175K	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	62.520	+0.025%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.549	+0.072%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	−0.006%	$1.2M	$4.7M	30x	as long as short
BloFin XLE-USDT	+0.0016%	8h	62.490	−0.022%	$58K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0114%	1h	62.485	−0.030%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0838%	4h	62.501	−0.005%	$48K	$209K	10x	as long as short