Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h −0.027%

Price spread now: tradeXYZ against BloFin−0.051%88s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.140% in total) that is about 2.6 days. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XLE-USDT	62.510	0.0007	pay 0.0007% / 8h	4h 59m	$58K	$9K	20x
Short	tradeXYZ xyz:XLE	62.478	0.0174	get 0.0022% / 1h	59m 44s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.051%Rate

Funding earned: $35.12
Price spread: −0.051% → 0.000%: −$5.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $0
Costs to cover: 0.300%
Break-even: 7.0 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	5.60 bp	18.6 bp −$19	22.6 bp −$226	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	−0.0262%	8h	62.400	−0.176%	$792K	$646K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.477	−0.053%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.517	+0.012%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.470	−0.064%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.490	−0.032%	$299K	$557K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.480	−0.048%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.490	−0.032%	$219K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.016%	$96K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.503	−0.011%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.487	−0.036%	$14K	$175K	10x	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	62.510	0.000%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.597	+0.139%	$5K	$34K	10x	as long as short
BloFin XLE-USDTlong	+0.0007%	8h	62.510	long leg	$58K	$9K	20x
QFEX XLE-USD	+0.0057%	1h	62.500	−0.016%	$1.2M	$4.9M	30x	as long as short
tradeXYZ xyz:XLEshort	+0.0174%	1h	62.478	−0.051%	$2.4M	$3.8M	20x
edgeX XLEUSDC	+0.0646%	4h	62.501	−0.015%	$48K	$210K	10x	as long as short