Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.007%

Price spread now: QFEX against OKX+0.112%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.112%, 7d avg +0.093%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLE-USDT-SWAP	62.540	0	get 0.0000% / 8h	3h 05m	$300K	$559K	20x
Short	QFEX XLE-USD	62.610	0.0026	get 0.0003% / 1h	5m 06s	$1.2M	$4.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.112%Rate

Funding earned: $5.49
Price spread: +0.112% → +0.093%: $1.94
Slippage, 4 orders: −$48.59
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$61.16
Costs to cover: 0.686%
Break-even: 84.9 days

Slippage from OKX: live order book, 46 min ago; QFEX: 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, 46 min ago	3.20 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	4.79 bp	10.6 bp −$11	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	−0.0265%	8h	62.510	−0.048%	$801K	$647K	20x	as long as short
edgeX XLEUSDC	−0.0073%	4h	62.667	+0.203%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.580	+0.063%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.677	+0.219%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.650	+0.176%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.540	long leg	$300K	$559K	20x
Gate XLE_USDT	0.0000%	8h	62.530	−0.016%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	+0.160%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	+0.016%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.669	+0.206%	$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	62.640	+0.160%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.677	+0.219%	$2K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.590	+0.080%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0011%	8h	62.600	+0.096%	$58K	$9K	20x	as long as short
QFEX XLE-USDshort	+0.0026%	1h	62.610	+0.112%	$1.2M	$4.2M	30x
tradeXYZ xyz:XLE	+0.0102%	1h	62.593	+0.085%	$2.4M	$3.8M	20x	as long as short