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 −0.020%

Price spread now: Gate against Variational Omni+0.135%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.135% dearer against Variational Omni than usual: you sell high and buy low, +$14 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	62.525	0	get 0.0000% / 8h	7h 11m	$44K	$15K	—
Short	Gate XLE_USDT	62.610	0	get 0.0000% / 8h	7h 11m	$61K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → 0.000%: $13.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1.45
Costs to cover: 0.150%
Break-even: never at this rate

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

Variational Omni and Gate: 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	−0.0601%	4h	62.548	+0.036%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0186%	8h	62.500	−0.040%	$816K	$619K	20x	as long as short
BloFin XLE-USDT	−0.0001%	8h	62.420	−0.168%	$14K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.554	+0.046%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.608	+0.132%	$797K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.560	+0.055%	$324K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	+0.023%	$299K	$565K	20x	as long as short
Gate XLE_USDTshort	0.0000%	8h	62.610	+0.135%	$61K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.570	+0.071%	$219K	$102K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.530	+0.008%	$94K	$90K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLElong	0.0000%	8h	62.525	long leg	$44K	$15K	—
SunX XLE-USDT	0.0000%	8h	62.616	+0.145%	$1K	$5.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.586	+0.097%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.580	+0.087%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0132%	8h	62.584	+0.093%	$13K	$175K	10x	as long as short
tradeXYZ xyz:XLE	+0.0515%	1h	62.530	+0.008%	$2.4M	$3.9M	20x	as long as short