Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h −0.063%

Price spread now: edgeX against KuCoin+0.289%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$4144.138% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.289%, 7d avg +0.084%

Together, before fees−0.080%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and edgeX is 0.205% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.084%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XLEUSDTM	62.520	−0.0253	get 0.0253% / 8h	1h 23m	$807K	$693K	20x
Short	edgeX XLEUSDC	62.701	0.0148	get 0.0074% / 4h	1h 23m	$48K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee KuCoinbpFee edgeXbpOrdersPrice spread, now +0.289%Rate

Funding earned: $84.12
Price spread: +0.289% → +0.084%: $20.51
Slippage, 4 orders: −$392.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$309.14
Costs to cover: 4.138%
Break-even: 32.7 days

Slippage from KuCoin: live order book, 56 min ago; edgeX: live order book, 19 min ago.

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 KuCoin live order book, 56 min ago	10.36 bp	286.8 bp −$287	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 19 min ago	7.97 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

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 XLEUSDTMlong	−0.0253%	8h	62.520	long leg	$807K	$693K	20x
BloFin XLE-USDT	−0.0002%	8h	62.690	+0.272%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.707	+0.299%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.700	+0.288%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.690	+0.272%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.620	+0.160%	$301K	$566K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	+0.288%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.710	+0.304%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.730	+0.336%	$95K	$87K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.699	+0.286%	$44K	$15K	—	as long as short

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	62.740	+0.352%	$13K	$167K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.706	+0.298%	$1K	$4.4M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.625	+0.168%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0031%	1h	62.710	+0.304%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.680	+0.256%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDCshort	+0.0148%	4h	62.701	+0.289%	$48K	$208K	10x