Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0799%/8h= −87.5% APRpaid last 24h −0.054%

Price spread now: edgeX against Binance−0.024%80s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.619% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.842%+$84 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.024%, 7d avg −0.016%

Together, before fees+0.877%+ Points / potential airdropedgeX: Active · farm board+$88 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.842%, so the current rate has only just turned against you. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.300	0	get 0.0000% / 8h	6h 54m	$771K	$961K	20x
Short	edgeX XLEUSDC	62.285	−0.0799	pay 0.0399% / 4h	2h 54m	$48K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$167.72
Price spread: −0.024% → −0.016%: −$0.85
Slippage, 4 orders: −$42.87
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$230.45
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from Binance: live order book, 53 min ago; edgeX: live order book, 37 min ago.

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 Binance live order book, 53 min ago	1.59 bp	9.5 bp −$9	60.1 bp −$601	doesn't fit	doesn't fit
Sell edgeX live order book, 37 min ago	7.98 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit

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 XLEUSDCshort	−0.0799%	4h	62.285	−0.024%	$48K	$208K	10x
KuCoin XLEUSDTM	−0.0374%	8h	62.150	−0.241%	$830K	$829K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.338	+0.061%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.300	long leg	$771K	$961K	20x
Bybit XLEUSDT	0.0000%	8h	62.260	−0.064%	$315K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.280	−0.032%	$299K	$477K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.240	−0.096%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.290	−0.016%	$217K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.280	−0.032%	$96K	$66K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.283	−0.028%	$44K	$13K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.290	−0.016%	$13K	$150K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.287	−0.021%	$1K	$3.3M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.204	−0.154%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0011%	8h	62.290	−0.016%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.260	−0.064%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.229	−0.114%	$2.4M	$3.9M	20x	as long as short