Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%

Price spread now: tradeXYZ against Gate+0.024%7-day average — · you sell dearer than you buy

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

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread 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	Gate XLE_USDT	62.700	0	get 0.0000% / 8h	1h 38m	$64K	$12K	20x
Short	tradeXYZ xyz:XLE	62.715	0.0050	get 0.0006% / 1h	38m 08s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Gate. 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 GatebpFee tradeXYZbpOrdersPrice spread, now +0.024%Rate

Funding earned: $10.5
Price spread: +0.024% → 0.000%: $2.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.11
Costs to cover: 0.330%
Break-even: 20.4 days

Slippage unknown: Gate: no order-book sample; tradeXYZ: live order book, 10 min ago. 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 Gate no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 10 min ago	5.26 bp	17.5 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	−0.0234%	8h	62.710	+0.016%	$808K	$690K	20x	as long as short
edgeX XLEUSDC	−0.0028%	4h	62.760	+0.096%	$48K	$208K	10x	as long as short
BloFin XLE-USDT	−0.0015%	8h	62.740	+0.064%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.764	+0.102%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.770	+0.112%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.770	+0.112%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.720	+0.032%	$302K	$570K	20x	as long as short
Gate XLE_USDTlong	0.0000%	8h	62.700	long leg	$64K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	62.780	+0.128%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.760	+0.096%	$95K	$87K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.764	+0.102%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.742	+0.066%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.780	+0.128%	$1K	$4.4M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.718	+0.029%	$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:XLEshort	+0.0050%	1h	62.715	+0.024%	$2.4M	$3.8M	20x