Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Variational Omni−0.095%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 MEXC

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.095% 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	62.810	0	get 0.0000% / 8h	7h 34m	$44K	$15K	—
Short	MEXC XLE_USDT	62.750	0	get 0.0000% / 8h	7h 34m	$220K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → 0.000%: −$9.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$9.49
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 45 min ago. 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 MEXC live order book, 45 min ago	7.97 bp	15.2 bp −$15	135.2 bp −$1,352	211.0 bp −$21.1K	doesn't fit

Variational Omni: 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	−0.0260%	8h	62.620	−0.302%	$835K	$796K	20x	as long as short
edgeX XLEUSDC	−0.0174%	4h	62.803	−0.011%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.735	−0.118%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.814	+0.008%	$789K	$950K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.770	−0.063%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	−0.127%	$300K	$482K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.175%	$64K	$12K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.750	−0.095%	$220K	$86K	20x
Bitget XLEUSDT	0.0000%	8h	62.790	−0.031%	$97K	$67K	20x	as long as short
Variational Omni XLElong	0.0000%	8h	62.810	long leg	$44K	$15K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.817	+0.012%	$1K	$3.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.713	−0.154%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0012%	8h	62.670	−0.222%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.670	−0.222%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0235%	1h	62.732	−0.124%	$2.3M	$3.8M	20x	as long as short
GRVT XLE_USDT_Perp	+0.1797%	8h	62.800	−0.015%	$13K	$154K	10x	as long as short