Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h −0.027%
Price spread now: tradeXYZ against OKX−0.019%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$930.927% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.135%+$14 on $10k
Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.019%, 7d avg −0.010%
Together, before fees+0.124%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XLE-USDT-SWAP62.4900get 0.0000% / 8h4h 59m$299K$557K20x
ShorttradeXYZ xyz:XLE62.4780.0174get 0.0022% / 1h59m 45s$2.4M$3.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$36.52
Price spread: −0.019% → −0.010%
−$0.91
Slippage, 4 orders
−$64.68
Fee OKX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$57.07
Costs to cover
0.927%
Break-even
17.9 days
Slippage from OKX: live order book, 61 min ago; tradeXYZ: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 61 min ago8.81 bp26.4 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 8 min ago5.60 bp18.6 bp −$1922.6 bp −$226doesn't fitdoesn't fit

XLE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLEUSDTM−0.0262%8h62.400−0.144%$792K$646K20xas long as short
Aster XLEUSDT0.0000%8h62.477−0.021%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.517+0.044%$795K$1.0M20xas long as short
Bybit XLEUSDT0.0000%8h62.470−0.032%$322K$205K25xas long as short
OKX XLE-USDT-SWAPlong0.0000%8h62.490long leg$299K$557K20x
Gate XLE_USDT0.0000%8h62.480−0.016%$61K$11K20xas long as short
MEXC XLE_USDT0.0000%8h62.4900.000%$219K$85K20xas long as short
Bitget XLEUSDT0.0000%8h62.500+0.016%$96K$81K20xas long as short
Variational Omni XLE0.0000%8h62.503+0.021%$44K$14Kas long as short
GRVT XLE_USDT_Perp0.0000%8h62.487−0.004%$14K$175K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XLE-USDT0.0000%8h62.510+0.032%$2K$4.7M10xas long as short
HTX XLE-USDT0.0000%8h62.597+0.171%$5K$34K10xas long as short
BloFin XLE-USDT+0.0007%8h62.510+0.032%$58K$9K20xas long as short
QFEX XLE-USD+0.0057%1h62.500+0.016%$1.2M$4.9M30xas long as short
tradeXYZ xyz:XLEshort+0.0174%1h62.478−0.019%$2.4M$3.8M20x
edgeX XLEUSDC+0.0646%4h62.501+0.017%$48K$210K10xas long as short