Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.630%

Price spread now: Binance against OKX+0.144%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.630%−$63 on $10k

Price spread, last 2 days (all we have)−0.065%−$7 · spread now +0.144%, 7d avg +0.087%

Together, before fees−0.695%−$69 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: Binance is 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLE-USDT-SWAP	62.430	0	get 0.0000% / 8h	13m 51s	$298K	$620K	20x
Short	Binance XLEUSDT	62.520	0	get 0.0000% / 8h	13m 51s	$798K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.087%: $5.67
Slippage, 4 orders: −$42.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.76
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from OKX: live order book, 62 min ago; Binance: live order book, 4 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 OKX live order book, 62 min ago	4.80 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	3.20 bp	14.7 bp −$15	68.1 bp −$681	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
edgeX XLEUSDC	−0.0711%	4h	62.526	+0.154%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0158%	8h	62.350	−0.128%	$775K	$600K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.498	+0.109%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.520	+0.144%	$798K	$1.5M	20x
Bybit XLEUSDT	0.0000%	8h	62.480	+0.080%	$325K	$249K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.430	long leg	$298K	$620K	20x
Gate XLE_USDT	0.0000%	8h	62.510	+0.128%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	+0.128%	$219K	$112K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.490	+0.096%	$94K	$153K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.531	+0.162%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.535	+0.168%	$1K	$6.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.282	−0.237%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0012%	8h	62.440	+0.016%	$57K	$9K	20x	as long as short
GRVT XLE_USDT_Perp	+0.0043%	8h	62.504	+0.119%	$13K	$182K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.530	+0.160%	$1.3M	$5.8M	30x	as long as short
tradeXYZ xyz:XLE	+0.0165%	1h	62.491	+0.098%	$2.4M	$3.9M	20x	as long as short