Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0231%/8h= −25.3% APRnext payment $2.31 per $10,000 · paid last 24h +0.002%
Price spread now: KuCoin against HTX−0.159%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.159% cheaper against HTX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XLE-USDT62.7400get 0.0000% / 8h2h 10m$5K$35K10x
ShortKuCoin XLEUSDTM62.640−0.0231pay 0.0231% / 8h2h 10m$806K$677K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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

Funding earned
−$48.51
Price spread: −0.159% → 0.000%
−$15.94
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$88.45
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell KuCoin live order book, 9 min ago10.36 bp96.0 bp −$96doesn't fitdoesn't fitdoesn't fit
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLEUSDTMshort−0.0231%8h62.640−0.159%$806K$677K20x
BloFin XLE-USDT−0.0013%8h62.670−0.112%$58K$9K20xas long as short
Aster XLEUSDT0.0000%8h62.725−0.024%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.800+0.096%$796K$1.0M20xas long as short
Bybit XLEUSDT0.0000%8h62.760+0.032%$323K$202K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.680−0.096%$302K$577K20xas long as short
Gate XLE_USDT0.0000%8h62.670−0.112%$64K$12K20xas long as short
MEXC XLE_USDT0.0000%8h62.770+0.048%$220K$87K20xas long as short
Bitget XLEUSDT0.0000%8h62.7400.000%$95K$81K20xas long as short
Variational Omni XLE0.0000%8h62.809+0.110%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XLE_USDT_Perp0.0000%8h62.784+0.069%$13K$173K10xas long as short
SunX XLE-USDT0.0000%8h62.826+0.137%$2K$4.5M10xas long as short
HTX XLE-USDTlong0.0000%8h62.740long leg$5K$35K10x
QFEX XLE-USD+0.0040%1h62.760+0.032%$1.2M$4.2M30xas long as short
tradeXYZ xyz:XLE+0.0050%1h62.702−0.061%$2.4M$3.8M20xas long as short
edgeX XLEUSDC+0.0419%4h62.810+0.112%$48K$208K10xas long as short