Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0987%/8h= +108.1% APRpaid last 24h −0.061%

Price spread now: edgeX against MEXC+0.159%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.159%, 7d avg +0.005%

Together, before fees+0.005%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.154% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.005%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% 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	MEXC XLE_USDT	62.700	0	get 0.0000% / 8h	2h 08m	$220K	$87K	20x
Short	edgeX XLEUSDC	62.800	0.0987	get 0.0494% / 4h	2h 08m	$48K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against MEXC. 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 MEXCbpFee edgeXbpOrdersPrice spread, now +0.159%Rate

Funding earned: $207.35
Price spread: +0.159% → +0.005%: $15.44
Slippage, 4 orders: −$51.61
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $162.18
Costs to cover: 0.606%
Break-even: 1.5 days

Slippage from MEXC: live order book, 20 min ago; edgeX: live order book, 38 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 MEXC live order book, 20 min ago	5.58 bp	11.4 bp −$11	121.5 bp −$1,215	206.3 bp −$20.6K	doesn't fit
Sell edgeX live order book, 38 min ago	10.37 bp	17.6 bp −$18	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 XLEUSDTM	−0.0227%	8h	62.630	−0.112%	$805K	$678K	20x	as long as short
BloFin XLE-USDT	−0.0029%	8h	62.670	−0.048%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.727	+0.043%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.750	+0.080%	$796K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.750	+0.080%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.670	−0.048%	$301K	$577K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.670	−0.048%	$64K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.700	long leg	$220K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.750	+0.080%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.809	+0.174%	$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	62.788	+0.140%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.756	+0.089%	$2K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.688	−0.019%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.730	+0.048%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.704	+0.006%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDCshort	+0.0987%	4h	62.800	+0.159%	$48K	$208K	10x