Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0798%/8h= +87.3% APRpaid last 24h +0.054%

Price spread now: Aster against edgeX−0.068%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.068% cheaper against edgeX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$24 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XLEUSDC	62.690	−0.0798	get 0.0399% / 4h	3h 16m	$48K	$209K	10x
Short	Aster XLEUSDT	62.648	0	get 0.0000% / 8h	7h 16m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.068%Rate

Funding earned: $167.5
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $143.73
Costs to cover: 0.170%
Break-even: 1.0 days

Slippage unknown: edgeX: live order book, 15 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 edgeX live order book, 15 min ago	7.98 bp	16.7 bp −$17	doesn't fit	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 XLEUSDClong	−0.0798%	4h	62.690	long leg	$48K	$209K	10x
KuCoin XLEUSDTM	−0.0315%	8h	62.570	−0.191%	$830K	$810K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.648	−0.068%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.660	−0.048%	$781K	$949K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.660	−0.048%	$319K	$203K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.670	−0.032%	$299K	$482K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.650	−0.064%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.660	−0.048%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.670	−0.032%	$97K	$66K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.696	+0.009%	$44K	$13K	—	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	62.672	−0.029%	$2K	$3.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.552	−0.220%	$5K	$36K	10x	as long as short
BloFin XLE-USDT	+0.0007%	8h	62.680	−0.016%	$58K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.587	−0.164%	$2.3M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.640	−0.080%	$1.2M	$4.1M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0446%	8h	62.676	−0.023%	$13K	$152K	10x	as long as short