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 −0.020%

Price spread now: Gate against Bybit−0.127%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.127% cheaper against Bybit than usual: you would sell low and buy high, −$13 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	62.780	0	get 0.0000% / 8h	1h 42m	$323K	$201K	25x
Short	Gate XLE_USDT	62.700	0	get 0.0000% / 8h	1h 42m	$64K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → 0.000%: −$12.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.74
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 57 min ago; Gate: 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, 57 min ago	2.39 bp	13.7 bp −$14	182.4 bp −$1,824	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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	−0.0230%	8h	62.690	−0.143%	$807K	$691K	20x	as long as short
BloFin XLE-USDT	0.0000%	8h	62.630	−0.239%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.781	+0.001%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.770	−0.016%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.780	long leg	$323K	$201K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.720	−0.096%	$302K	$570K	20x	as long as short
Gate XLE_USDTshort	0.0000%	8h	62.700	−0.127%	$64K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.760	−0.032%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.760	−0.032%	$95K	$87K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.764	−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	62.770	−0.016%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.771	−0.014%	$2K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.661	−0.190%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0031%	1h	62.740	−0.064%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.694	−0.137%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0985%	4h	62.757	−0.036%	$48K	$210K	10x	as long as short