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: Binance against SunX−0.027%56s7-day average +0.008% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.601%−$60 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.027%, 7d avg +0.008%

Together, before fees−0.600%−$60 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: Binance is 0.035% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 56 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	62.627	0	get 0.0000% / 8h	3h 15m	$1K	$4.6M	10x
Short	Binance XLEUSDT	62.610	0	get 0.0000% / 8h	3h 15m	$791K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.008%: −$3.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Binance: live order book, 2 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 SunX live order book, 3 min ago	46.94 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	3.19 bp	15.7 bp −$16	75.6 bp −$756	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	−0.0282%	8h	62.440	−0.299%	$799K	$646K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.584	−0.069%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.610	−0.027%	$791K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.610	−0.027%	$324K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.580	−0.075%	$300K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.540	−0.139%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.620	−0.011%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.620	−0.011%	$96K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.619	−0.013%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.595	−0.051%	$13K	$174K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDTlong	0.0000%	8h	62.627	long leg	$1K	$4.6M	10x
HTX XLE-USDT	0.0000%	8h	62.501	−0.201%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0003%	8h	62.580	−0.075%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.600	−0.043%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0171%	1h	62.575	−0.083%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0243%	4h	62.619	−0.013%	$48K	$210K	10x	as long as short