Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h −0.035%

Price spread now: tradeXYZ against Aster−0.129%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.129% cheaper against Aster than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.4 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XLEUSDT	62.512	0	get 0.0000% / 8h	6h 14m	$4K	$9K	20x
Short	tradeXYZ xyz:XLE	62.432	0.0176	get 0.0022% / 1h	14m 14s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.129%Rate

Funding earned: $36.96
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$1.92
Costs to cover: 0.260%
Break-even: 7.4 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 4 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	5.20 bp	19.7 bp −$20	26.0 bp −$260	doesn't fit	doesn't fit

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 15 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	−0.0361%	4h	62.528	+0.024%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0200%	8h	62.360	−0.244%	$787K	$654K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.512	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.520	+0.012%	$797K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.460	−0.084%	$322K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	−0.068%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.020%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.500	−0.020%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.020%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.529	+0.027%	$44K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.531	+0.029%	$13K	$176K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.522	+0.015%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.549	+0.058%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	−0.020%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLEshort	+0.0176%	1h	62.432	−0.129%	$2.4M	$3.8M	20x