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+0.0346%/8h= +37.9% APRnext payment +$3.46 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against KuCoin+0.144%7-day average · you sell dearer than you buy
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 7 days−0.026%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.144% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XLEUSDTM62.360−0.0317get 0.0317% / 8h5h 22m$793K$649K20x
ShortBloFin XLE-USDT62.4500.0029get 0.0029% / 8h5h 22m$14K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
$72.74
Price spread: +0.144% → 0.000%
$14.43
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$63.17
Costs to cover
0.240%
Break-even
0.9 days
Slippage unknown: KuCoin: live order book, 12 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 12 min ago5.62 bp302.7 bp −$303doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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
edgeX XLEUSDC−0.0443%4h62.462+0.164%$48K$209K10xas long as short
KuCoin XLEUSDTMlong−0.0317%8h62.360long leg$793K$649K20x
Aster XLEUSDT0.0000%8h62.464+0.166%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.465+0.169%$795K$1.1M20xas long as short
Bybit XLEUSDT0.0000%8h62.440+0.128%$322K$206K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.450+0.144%$299K$558K20xas long as short
Gate XLE_USDT0.0000%8h62.460+0.160%$61K$11K20xas long as short
MEXC XLE_USDT0.0000%8h62.460+0.160%$219K$87K20xas long as short
Bitget XLEUSDT0.0000%8h62.490+0.208%$95K$81K20xas long as short
Variational Omni XLE0.0000%8h62.467+0.172%$44K$14Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XLE_USDT_Perp0.0000%8h62.461+0.162%$13K$174K10xas long as short
SunX XLE-USDT0.0000%8h62.461+0.162%$1K$4.7M10xas long as short
HTX XLE-USDT0.0000%8h62.550+0.305%$5K$34K10xas long as short
BloFin XLE-USDTshort+0.0029%8h62.450+0.144%$14K$9K20x
tradeXYZ xyz:XLE+0.0050%1h62.447+0.140%$2.4M$3.8M20xas long as short
QFEX XLE-USD+0.0057%1h62.460+0.160%$1.2M$5.3M30xas long as short