Funding arb · Price arb /

XLE

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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 +0.043%

Price spread now: Variational Omni against Bitget+0.087%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 Variational Omni

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: Variational Omni is 0.087% dearer against Bitget than usual: you sell high and buy low, +$9 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	Bitget XLEUSDT	62.530	0	get 0.0000% / 8h	1h 47m	$95K	$169K	20x
Short	Variational Omni XLE	62.585	0	get 0.0000% / 8h	1h 47m	$44K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → 0.000%: $8.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.26
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 27 min ago; Variational Omni: no order-book sample. 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 live order book, 27 min ago	4.79 bp	38.9 bp −$39	49.5 bp −$495	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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
BloFin XLE-USDT	−0.0002%	8h	62.520	−0.016%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.549	+0.030%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.584	+0.087%	$802K	$1.9M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.520	−0.016%	$329K	$283K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	−0.032%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.550	+0.032%	$61K	$21K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.540	+0.016%	$219K	$115K	20x	as long as short
Bitget XLEUSDTlong	0.0000%	8h	62.530	long leg	$95K	$169K	20x
Variational Omni XLEshort	0.0000%	8h	62.585	+0.087%	$44K	$15K	—
SunX XLE-USDT	0.0000%	8h	62.586	+0.090%	$1K	$7.1M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.647	+0.187%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0035%	1h	62.570	+0.064%	$1.3M	$5.2M	30x	as long as short
KuCoin XLEUSDTM	+0.0100%	8h	62.440	−0.144%	$769K	$578K	20x	as long as short
tradeXYZ xyz:XLE	+0.0141%	1h	62.534	+0.006%	$2.4M	$4.0M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0167%	8h	62.569	+0.062%	$14K	$193K	10x	as long as short
edgeX XLEUSDC	+0.0356%	4h	62.584	+0.087%	$48K	$211K	10x	as long as short