Funding arb · Price arb /

XLE

RWAall XLE markets

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: MEXC against OKX+0.032%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on OKX Short on MEXC

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)+0.170%+$17 · spread now +0.032%, 7d avg +0.071%

Together, before fees+0.161%+$16 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: MEXC is 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLE-USDT-SWAP	62.450	0	get 0.0000% / 8h	5h 25m	$299K	$558K	20x
Short	MEXC XLE_USDT	62.470	0	get 0.0000% / 8h	5h 25m	$219K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.071%: −$3.85
Slippage, 4 orders: −$67.08
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$80.94
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from OKX: live order book, 35 min ago; MEXC: 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 OKX live order book, 35 min ago	8.81 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 19 min ago	2.40 bp	9.2 bp −$9	106.3 bp −$1,063	213.0 bp −$21.3K	280.0 bp −$140.0K

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	−0.0318%	8h	62.340	−0.176%	$793K	$651K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.460	+0.016%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.470	+0.032%	$795K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.440	−0.016%	$322K	$206K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.450	long leg	$299K	$558K	20x
Gate XLE_USDT	0.0000%	8h	62.460	+0.016%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.470	+0.032%	$219K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.490	+0.064%	$95K	$82K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.467	+0.028%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.461	+0.018%	$13K	$174K	10x	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	62.476	+0.042%	$1K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.360	−0.144%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0023%	8h	62.460	+0.016%	$58K	$9K	20x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.447	−0.005%	$2.4M	$3.8M	20x	as long as short
QFEX XLE-USD	+0.0057%	1h	62.460	+0.016%	$1.2M	$5.3M	30x	as long as short
edgeX XLEUSDC	+0.0722%	4h	62.451	+0.001%	$48K	$209K	10x	as long as short