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: OKX against MEXC0.000%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.665% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now 0.000%, 7d avg −0.070%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.510	0	get 0.0000% / 8h	4h 33m	$219K	$87K	20x
Short	OKX XLE-USDT-SWAP	62.510	0	get 0.0000% / 8h	4h 33m	$300K	$559K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.070%: $6.97
Slippage, 4 orders: −$56.53
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.56
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 22 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, 5 min ago	5.60 bp	13.4 bp −$13	94.0 bp −$940	221.7 bp −$22.2K	doesn't fit
Sell OKX live order book, 22 min ago	4.00 bp	29.6 bp −$30	250.4 bp −$2,504	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	−0.0222%	8h	62.450	−0.096%	$792K	$645K	20x	as long as short
edgeX XLEUSDC	−0.0180%	4h	62.501	−0.014%	$48K	$209K	10x	as long as short
BloFin XLE-USDT	−0.0023%	8h	62.510	0.000%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.487	−0.037%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.540	+0.048%	$794K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.016%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.510	0.000%	$300K	$559K	20x
Gate XLE_USDT	0.0000%	8h	62.510	0.000%	$61K	$11K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.510	long leg	$219K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.500	−0.016%	$95K	$81K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.514	+0.006%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.493	−0.028%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.535	+0.040%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.610	+0.160%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	−0.016%	$1.2M	$4.5M	30x	as long as short
tradeXYZ xyz:XLE	+0.0093%	1h	62.484	−0.042%	$2.4M	$3.8M	20x	as long as short