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: MEXC against SunX−0.059%7-day average −0.014% · you buy dearer than you sell

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.059%, 7d avg −0.014%

Together, before fees+0.082%+$8 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: MEXC is 0.045% 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 −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.757	0	get 0.0000% / 8h	7m 13s	$2K	$3.8M	10x
Short	MEXC XLE_USDT	62.720	0	get 0.0000% / 8h	7m 13s	$220K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.014%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.47
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; MEXC: live order book, 12 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, 11 min ago	46.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 12 min ago	7.97 bp	15.2 bp −$15	135.2 bp −$1,352	211.0 bp −$21.1K	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	−0.0318%	8h	62.570	−0.298%	$828K	$783K	20x	as long as short
BloFin XLE-USDT	−0.0027%	8h	62.650	−0.170%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.731	−0.041%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.750	−0.011%	$790K	$983K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.720	−0.059%	$321K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.650	−0.170%	$301K	$523K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.091%	$64K	$12K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.720	−0.059%	$220K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.740	−0.027%	$95K	$80K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.752	−0.008%	$44K	$15K	—	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	62.780	+0.036%	$13K	$160K	10x	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.757	long leg	$2K	$3.8M	10x
HTX XLE-USDT	0.0000%	8h	62.650	−0.170%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0033%	1h	62.680	−0.123%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.650	−0.170%	$2.3M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0769%	4h	62.752	−0.008%	$48K	$208K	10x	as long as short