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: SunX against OKX+0.249%7-day average +0.083% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.249%, 7d avg +0.083%

Together, before fees−0.292%−$29 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: SunX is 0.166% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLE-USDT-SWAP	62.670	0	get 0.0000% / 8h	2h 09m	$302K	$577K	20x
Short	SunX XLE-USDT	62.826	0	get 0.0000% / 8h	2h 09m	$2K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.249%Rate

Funding earned: $0
Price spread: +0.249% → +0.083%: $16.56
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 36 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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, 36 min ago	8.79 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	47.79 bp	doesn't fit	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	62.640	−0.048%	$805K	$677K	20x	as long as short
BloFin XLE-USDT	−0.0013%	8h	62.670	0.000%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.721	+0.082%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.750	+0.128%	$796K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.750	+0.128%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAPlong	0.0000%	8h	62.670	long leg	$302K	$577K	20x
Gate XLE_USDT	0.0000%	8h	62.670	0.000%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.710	+0.064%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	+0.112%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.809	+0.222%	$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	62.784	+0.181%	$13K	$173K	10x	as long as short
SunX XLE-USDTshort	0.0000%	8h	62.826	+0.249%	$2K	$4.5M	10x
HTX XLE-USDT	0.0000%	8h	62.740	+0.112%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0040%	1h	62.760	+0.144%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.695	+0.040%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0419%	4h	62.810	+0.223%	$48K	$208K	10x	as long as short