Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.033%

Price spread now: MEXC against edgeX−0.033%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.033%, 7d avg −0.004%

Together, before fees−0.105%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.029% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XLEUSDC	62.461	0.0086	pay 0.0043% / 4h	10m 46s	$48K	$210K	10x
Short	MEXC XLE_USDT	62.440	0	get 0.0000% / 8h	4h 10m	$219K	$88K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$18.12
Price spread: −0.033% → −0.004%: −$2.88
Slippage, 4 orders: −$48.95
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$78.95
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; MEXC: live order book, 29 min ago.

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, 46 min ago	8.80 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 29 min ago	5.60 bp	12.1 bp −$12	99.1 bp −$991	209.2 bp −$20.9K	doesn't fit

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	−0.0276%	8h	62.280	−0.289%	$790K	$642K	20x	as long as short
BloFin XLE-USDT	−0.0002%	8h	62.480	+0.031%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.442	−0.031%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.487	+0.042%	$793K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.450	−0.017%	$322K	$200K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	+0.015%	$300K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.460	−0.001%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.440	−0.033%	$219K	$88K	20x
Bitget XLEUSDT	0.0000%	8h	62.490	+0.047%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.459	−0.003%	$44K	$14K	—	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	62.490	+0.047%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.467	+0.010%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.316	−0.232%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.450	−0.017%	$1.2M	$4.4M	30x	as long as short
edgeX XLEUSDClong	+0.0086%	4h	62.461	long leg	$48K	$210K	10x
tradeXYZ xyz:XLE	+0.0165%	1h	62.422	−0.062%	$2.4M	$3.8M	20x	as long as short