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−0.0027%/8h= −2.9% APRnext payment $0.27 per $10,000 · paid last 24h +0.020%
Price spread now: BloFin against Bybit−0.064%7-day average · you buy dearer than you sell
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+0.003%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.064% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XLEUSDT62.4800get 0.0000% / 8h12m 42s$325K$236K25x
ShortBloFin XLE-USDT62.440−0.0027pay 0.0027% / 8h12m 42s$57K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$5.63
Price spread: −0.064% → 0.000%
−$6.4
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.03
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 57 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 57 min ago3.20 bp11.2 bp −$11193.5 bp −$1,935doesn't fitdoesn't fit
Sell BloFin no order-book sample
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
KuCoin XLEUSDTM−0.0158%8h62.350−0.208%$775K$600K20xas long as short
BloFin XLE-USDTshort−0.0027%8h62.440−0.064%$57K$9K20x
Aster XLEUSDT0.0000%8h62.499+0.031%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.520+0.064%$798K$1.5M20xas long as short
Bybit XLEUSDTlong0.0000%8h62.480long leg$325K$236K25x
OKX XLE-USDT-SWAP0.0000%8h62.430−0.080%$298K$616K20xas long as short
Gate XLE_USDT0.0000%8h62.520+0.064%$61K$15K20xas long as short
MEXC XLE_USDT0.0000%8h62.510+0.048%$219K$112K20xas long as short
Bitget XLEUSDT0.0000%8h62.500+0.032%$94K$152K20xas long as short
Variational Omni XLE0.0000%8h62.531+0.082%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XLE-USDT0.0000%8h62.535+0.088%$1K$6.0M10xas long as short
HTX XLE-USDT0.0000%8h62.282−0.317%$5K$34K10xas long as short
GRVT XLE_USDT_Perp+0.0043%8h62.504+0.039%$13K$182K10xas long as short
QFEX XLE-USD+0.0047%1h62.550+0.112%$1.3M$5.8M30xas long as short
tradeXYZ xyz:XLE+0.0166%1h62.491+0.018%$2.4M$3.9M20xas long as short
edgeX XLEUSDC+0.0850%4h62.531+0.082%$48K$211K10xas long as short