Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0798%/8h= −87.3% APRpaid last 24h −0.054%

Price spread now: edgeX against Bitget+0.032%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.032% dearer against Bitget than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.242%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XLEUSDT	62.670	0	get 0.0000% / 8h	7h 16m	$97K	$66K	20x
Short	edgeX XLEUSDC	62.690	−0.0798	pay 0.0399% / 4h	3h 16m	$48K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$167.5
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$185.31
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bitget: no order-book sample; edgeX: live order book, 15 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 Bitget no order-book sample	—	—	—	—	—
Sell edgeX live order book, 15 min ago	7.98 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit

Bitget: 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
edgeX XLEUSDCshort	−0.0798%	4h	62.690	+0.032%	$48K	$209K	10x
KuCoin XLEUSDTM	−0.0315%	8h	62.570	−0.160%	$830K	$810K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.648	−0.036%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.660	−0.016%	$781K	$949K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.660	−0.016%	$319K	$203K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.670	0.000%	$299K	$482K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.650	−0.032%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.660	−0.016%	$219K	$87K	20x	as long as short
Bitget XLEUSDTlong	0.0000%	8h	62.670	long leg	$97K	$66K	20x
Variational Omni XLE	0.0000%	8h	62.696	+0.041%	$44K	$13K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.672	+0.003%	$2K	$3.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.552	−0.188%	$5K	$36K	10x	as long as short
BloFin XLE-USDT	+0.0007%	8h	62.680	+0.016%	$58K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.587	−0.132%	$2.3M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.640	−0.048%	$1.2M	$4.1M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0446%	8h	62.676	+0.009%	$13K	$152K	10x	as long as short