Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.12 per $10,000 · paid last 24h −0.630%
Price spread now: Binance against BloFin+0.128%71s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.627%−$63 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Binance is 0.128% dearer against BloFin than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.627% in total) that is about 34 hours. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XLE-USDT62.4400.0012pay 0.0012% / 8h13m 55s$57K$9K20x
ShortBinance XLEUSDT62.5200get 0.0000% / 8h13m 55s$798K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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

Funding earned
−$2.51
Price spread: +0.128% → 0.000%
$12.81
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$11.7
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Binance: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Binance live order book, 4 min ago3.20 bp14.7 bp −$1568.1 bp −$681doesn't fitdoesn't fit
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX XLEUSDC−0.0711%4h62.526+0.138%$48K$211K10xas long as short
KuCoin XLEUSDTM−0.0158%8h62.340−0.160%$775K$600K20xas long as short
Aster XLEUSDT0.0000%8h62.496+0.090%$4K$9K20xas long as short
Binance XLEUSDTshort0.0000%8h62.520+0.128%$798K$1.5M20x
Bybit XLEUSDT0.0000%8h62.480+0.064%$325K$249K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.430−0.016%$298K$620K20xas long as short
Gate XLE_USDT0.0000%8h62.510+0.112%$61K$15K20xas long as short
MEXC XLE_USDT0.0000%8h62.490+0.080%$219K$112K20xas long as short
Bitget XLEUSDT0.0000%8h62.490+0.080%$94K$153K20xas long as short
Variational Omni XLE0.0000%8h62.531+0.146%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XLE-USDT0.0000%8h62.535+0.152%$1K$6.0M10xas long as short
HTX XLE-USDT0.0000%8h62.282−0.253%$5K$34K10xas long as short
BloFin XLE-USDTlong+0.0012%8h62.440long leg$57K$9K20x
GRVT XLE_USDT_Perp+0.0043%8h62.504+0.103%$13K$182K10xas long as short
QFEX XLE-USD+0.0047%1h62.530+0.144%$1.3M$5.8M30xas long as short
tradeXYZ xyz:XLE+0.0165%1h62.491+0.082%$2.4M$3.9M20xas long as short