Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: OKX against Variational Omni−0.148%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 OKX

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: OKX is 0.148% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 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	62.523	0	get 0.0000% / 8h	24m 15s	$44K	$15K	—
Short	OKX XLE-USDT-SWAP	62.430	0	get 0.0000% / 8h	24m 15s	$298K	$635K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → 0.000%: −$14.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.84
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 52 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 OKX live order book, 52 min ago	4.80 bp	19.6 bp −$20	211.8 bp −$2,118	doesn't fit	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	−0.0112%	8h	62.320	−0.324%	$774K	$602K	20x	as long as short
BloFin XLE-USDT	−0.0004%	8h	62.350	−0.276%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.508	−0.023%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.510	−0.020%	$798K	$1.5M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.480	−0.068%	$325K	$260K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.430	−0.148%	$298K	$635K	20x
Gate XLE_USDT	0.0000%	8h	62.510	−0.020%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.480	−0.068%	$219K	$111K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	−0.068%	$94K	$154K	20x	as long as short
Variational Omni XLElong	0.0000%	8h	62.523	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	62.525	+0.004%	$1K	$6.2M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.614	+0.146%	$5K	$34K	10x	as long as short
GRVT XLE_USDT_Perp	+0.0045%	8h	62.550	+0.043%	$13K	$185K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.510	−0.020%	$1.3M	$5.7M	30x	as long as short
tradeXYZ xyz:XLE	+0.0165%	1h	62.485	−0.060%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDC	+0.0389%	4h	62.523	+0.001%	$48K	$209K	10x	as long as short