Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.007%

Price spread now: SunX against QFEX+0.011%7-day average −0.013% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.011%, 7d avg −0.013%

Together, before fees+0.010%+$1 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 0.025% dearer against QFEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XLE-USD	62.460	0.0002	pay 0.0000% / 1h	11m 47s	$1.2M	$4.4M	30x
Short	SunX XLE-USDT	62.467	0	get 0.0000% / 8h	4h 11m	$2K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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 QFEXbpFee SunXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.4
Price spread: +0.011% → −0.013%: $2.46
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.94
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 7 min ago; SunX: live order book, 7 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 QFEX live order book, 7 min ago	26.42 bp	36.6 bp −$37	46.6 bp −$466	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	48.66 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	−0.0268%	8h	62.290	−0.272%	$790K	$641K	20x	as long as short
BloFin XLE-USDT	−0.0004%	8h	62.420	−0.064%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.451	−0.015%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.440	−0.032%	$793K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.450	−0.016%	$322K	$200K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.460	0.000%	$300K	$558K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.460	0.000%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	+0.016%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	+0.032%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.464	+0.007%	$44K	$14K	—	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	62.490	+0.048%	$13K	$174K	10x	as long as short
SunX XLE-USDTshort	0.0000%	8h	62.467	+0.011%	$2K	$4.6M	10x
HTX XLE-USDT	0.0000%	8h	62.316	−0.231%	$5K	$34K	10x	as long as short
QFEX XLE-USDlong	+0.0002%	1h	62.460	long leg	$1.2M	$4.4M	30x
edgeX XLEUSDC	+0.0086%	4h	62.461	+0.001%	$48K	$210K	10x	as long as short
tradeXYZ xyz:XLE	+0.0155%	1h	62.442	−0.029%	$2.4M	$3.8M	20x	as long as short