Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0813%/8h= −89.1% APRpaid last 24h −0.009%

Price spread now: edgeX against SunX−0.013%7-day average −0.007% · you buy dearer than you sell

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.013%, 7d avg −0.007%

Together, before fees+0.309%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.309%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.309% in total (about 16.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.576	0	get 0.0000% / 8h	6h 36m	$1K	$5.0M	10x
Short	edgeX XLEUSDC	62.568	−0.0813	pay 0.0407% / 4h	2h 36m	$48K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$170.83
Price spread: −0.013% → −0.007%: −$0.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$188.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; edgeX: live order book, 30 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, 12 min ago	46.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 30 min ago	7.99 bp	14.7 bp −$15	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
edgeX XLEUSDCshort	−0.0813%	4h	62.568	−0.013%	$48K	$209K	10x
KuCoin XLEUSDTM	−0.0208%	8h	62.410	−0.265%	$788K	$651K	20x	as long as short
BloFin XLE-USDT	−0.0018%	8h	62.510	−0.105%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.563	−0.022%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.588	+0.020%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.550	−0.042%	$323K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.560	−0.026%	$299K	$566K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.590	+0.022%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.590	+0.022%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.560	−0.026%	$95K	$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	62.565	−0.017%	$44K	$15K	—	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.576	long leg	$1K	$5.0M	10x
HTX XLE-USDT	0.0000%	8h	62.376	−0.320%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.570	−0.010%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0074%	8h	62.579	+0.004%	$13K	$175K	10x	as long as short
tradeXYZ xyz:XLE	+0.0128%	1h	62.543	−0.053%	$2.4M	$3.9M	20x	as long as short