Funding arb · Price arb /

XLE

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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: Aster against SunX−0.027%46s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.027% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.591	0	get 0.0000% / 8h	7h 00m	$2K	$5.1M	10x
Short	Aster XLEUSDT	62.574	0	get 0.0000% / 8h	7h 00m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Aster: no order-book sample. 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 SunX live order book, 8 min ago	46.98 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX XLEUSDC	−0.0674%	4h	62.589	−0.002%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0165%	8h	62.420	−0.273%	$779K	$636K	20x	as long as short
BloFin XLE-USDT	0.0000%	8h	62.530	−0.097%	$58K	$9K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.574	−0.027%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.594	+0.004%	$797K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.540	−0.081%	$323K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.530	−0.097%	$299K	$564K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.590	−0.002%	$61K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.570	−0.034%	$219K	$103K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.520	−0.113%	$94K	$90K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.584	−0.011%	$44K	$15K	—	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.591	long leg	$2K	$5.1M	10x
HTX XLE-USDT	0.0000%	8h	62.498	−0.149%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0043%	1h	62.580	−0.018%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0179%	8h	62.590	−0.001%	$13K	$175K	10x	as long as short
tradeXYZ xyz:XLE	+0.0427%	1h	62.542	−0.078%	$2.4M	$3.9M	20x	as long as short