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 0.000%

Price spread now: MEXC against Binance−0.049%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.621%+$62 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.049%, 7d avg −0.016%

Together, before fees+0.737%+$74 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.551	0	get 0.0000% / 8h	3h 39m	$791K	$1.0M	20x
Short	MEXC XLE_USDT	62.520	0	get 0.0000% / 8h	3h 39m	$219K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.016%: −$3.3
Slippage, 4 orders: −$55.87
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$69.17
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 60 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, 8 min ago	2.40 bp	14.9 bp −$15	71.9 bp −$719	doesn't fit	doesn't fit
Sell MEXC live order book, 60 min ago	5.60 bp	12.1 bp −$12	99.1 bp −$991	209.2 bp −$20.9K	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
KuCoin XLEUSDTM	−0.0277%	8h	62.370	−0.289%	$795K	$644K	20x	as long as short
edgeX XLEUSDC	−0.0068%	4h	62.525	−0.041%	$48K	$208K	10x	as long as short
BloFin XLE-USDT	−0.0025%	8h	62.430	−0.193%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.516	−0.055%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.551	long leg	$791K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.530	−0.033%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.530	−0.033%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.510	−0.065%	$64K	$12K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.520	−0.049%	$219K	$86K	20x
Bitget XLEUSDT	0.0000%	8h	62.500	−0.081%	$95K	$81K	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 XLE	0.0000%	8h	62.524	−0.043%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.536	−0.024%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.537	−0.022%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.329	−0.355%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.500	−0.081%	$1.2M	$4.4M	30x	as long as short
tradeXYZ xyz:XLE	+0.0330%	1h	62.490	−0.097%	$2.4M	$3.8M	20x	as long as short