Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.061%

Price spread now: OKX against edgeX−0.202%51s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.812% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.202%, 7d avg −0.074%

Together, before fees+0.067%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.128% cheaper against edgeX than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of −0.074%). If the spread goes back, that is −$13 on $10k: about 5.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.201%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XLEUSDC	62.667	−0.0073	get 0.0037% / 4h	3h 04m	$48K	$208K	10x
Short	OKX XLE-USDT-SWAP	62.540	0	get 0.0000% / 8h	3h 04m	$300K	$559K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.202%Rate

Funding earned: $15.41
Price spread: −0.202% → −0.074%: −$12.84
Slippage, 4 orders: −$62.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.65
Costs to cover: 0.812%
Break-even: 42.7 days

Slippage from edgeX: live order book, 47 min ago; OKX: live order book, 46 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, 47 min ago	9.60 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 46 min ago	3.20 bp	33.6 bp −$34	271.1 bp −$2,711	doesn't fit	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	−0.0265%	8h	62.510	−0.250%	$800K	$647K	20x	as long as short
edgeX XLEUSDClong	−0.0073%	4h	62.667	long leg	$48K	$208K	10x
Aster XLEUSDT	0.0000%	8h	62.607	−0.095%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.670	+0.005%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.650	−0.027%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.540	−0.202%	$300K	$559K	20x
Gate XLE_USDT	0.0000%	8h	62.530	−0.218%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	−0.043%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	−0.187%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.669	+0.003%	$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	62.640	−0.043%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.677	+0.016%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.590	−0.123%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0011%	8h	62.600	−0.107%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.610	−0.091%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0100%	1h	62.593	−0.118%	$2.4M	$3.8M	20x	as long as short