Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.013%

Price spread now: QFEX against BloFin0.000%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XLE-USDT	62.670	0.0012	pay 0.0012% / 8h	7h 35m	$58K	$9K	20x
Short	QFEX XLE-USD	62.670	0.0060	get 0.0007% / 1h	35m 07s	$1.2M	$4.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee BloFinbpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $9.94
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$12.06
Costs to cover: 0.220%
Break-even: 15.5 days

Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 3 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 BloFin no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	26.27 bp	58.3 bp −$58	68.4 bp −$684	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLEUSDTM	−0.0261%	8h	62.620	−0.080%	$831K	$796K	20x	as long as short
edgeX XLEUSDC	−0.0174%	4h	62.803	+0.212%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.736	+0.106%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.818	+0.235%	$789K	$950K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.760	+0.144%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.730	+0.096%	$300K	$494K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	+0.048%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.760	+0.144%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.790	+0.191%	$97K	$67K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.810	+0.223%	$44K	$15K	—	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	62.817	+0.235%	$1K	$3.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.713	+0.069%	$5K	$35K	10x	as long as short
BloFin XLE-USDTlong	+0.0012%	8h	62.670	long leg	$58K	$9K	20x
QFEX XLE-USDshort	+0.0060%	1h	62.670	0.000%	$1.2M	$4.0M	30x
tradeXYZ xyz:XLE	+0.0234%	1h	62.734	+0.102%	$2.3M	$3.8M	20x	as long as short
GRVT XLE_USDT_Perp	+0.1797%	8h	62.800	+0.207%	$13K	$154K	10x	as long as short