Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX+0.295%7-day average — · you sell dearer than you buy

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

Long on HTX 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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.295% dearer against HTX than usual: you sell high and buy low, +$30 on $10k if it 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	HTX XLE-USDT	62.345	0	get 0.0000% / 8h	6h 16m	$5K	$35K	10x
Short	Variational Omni XLE	62.529	0	get 0.0000% / 8h	6h 16m	$44K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee HTXbpFee Variational OmnibpOrdersPrice spread, now +0.295%Rate

Funding earned: $0
Price spread: +0.295% → 0.000%: $29.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.52
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

HTX and 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 15 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
edgeX XLEUSDC	−0.0361%	4h	62.528	+0.293%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0194%	8h	62.370	+0.040%	$787K	$654K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.534	+0.303%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.536	+0.307%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.490	+0.233%	$323K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	+0.200%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	+0.249%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	+0.265%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	+0.249%	$95K	$85K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.529	+0.295%	$44K	$14K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.531	+0.298%	$13K	$176K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.536	+0.306%	$2K	$4.9M	10x	as long as short
HTX XLE-USDTlong	0.0000%	8h	62.345	long leg	$5K	$35K	10x
QFEX XLE-USD	+0.0047%	1h	62.500	+0.249%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0170%	1h	62.432	+0.140%	$2.4M	$3.9M	20x	as long as short