Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0646%/8h= −70.8% APRpaid last 24h +0.033%

Price spread now: Variational Omni against edgeX−0.013%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XLEUSDC	62.501	0.0646	pay 0.0323% / 4h	1h 01m	$48K	$210K	10x
Short	Variational Omni XLE	62.493	0	get 0.0000% / 8h	5h 01m	$44K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.013%Rate

Funding earned: −$135.69
Price spread: −0.013% → 0.000%: −$1.25
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$145.94
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 60 min ago; Variational Omni: 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, 60 min ago	8.80 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−0.0266%	8h	62.430	−0.113%	$794K	$645K	20x	as long as short
BloFin XLE-USDT	−0.0014%	8h	62.400	−0.161%	$14K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.477	−0.038%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.518	+0.027%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.490	−0.017%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.490	−0.017%	$299K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.480	−0.033%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.500	−0.001%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.001%	$96K	$81K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.493	−0.013%	$44K	$14K	—

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	62.487	−0.021%	$14K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.520	+0.031%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.576	+0.121%	$5K	$34K	10x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.478	−0.036%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.490	−0.017%	$1.2M	$4.9M	30x	as long as short
edgeX XLEUSDClong	+0.0646%	4h	62.501	long leg	$48K	$210K	10x