Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit−0.074%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.074% cheaper against Bybit than usual: you would sell low and buy high, −$7 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	Bybit XLEUSDT	62.700	0	get 0.0000% / 8h	2h 47m	$324K	$202K	25x
Short	Aster XLEUSDT	62.654	0	get 0.0000% / 8h	2h 47m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → 0.000%: −$7.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.37
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 56 min ago; Aster: 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 Bybit live order book, 56 min ago	2.40 bp	12.7 bp −$13	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 XLEUSDC	−0.0306%	4h	62.678	−0.035%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0266%	8h	62.520	−0.287%	$804K	$650K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.654	−0.074%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.709	+0.014%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.700	long leg	$324K	$202K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.600	−0.159%	$300K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.670	−0.048%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.670	−0.048%	$219K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.660	−0.064%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.684	−0.025%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.662	−0.061%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.702	+0.003%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.524	−0.281%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0003%	8h	62.610	−0.144%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.680	−0.032%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.634	−0.105%	$2.4M	$3.8M	20x	as long as short