Funding arb · Price arb /

XLE

RWAall XLE markets

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: OKX against SunX−0.026%7-day average −0.083% · you buy dearer than you sell

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.026%, 7d avg −0.083%

Together, before fees+0.063%+$6 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: OKX is 0.057% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.586	0	get 0.0000% / 8h	6h 34m	$2K	$5.0M	10x
Short	OKX XLE-USDT-SWAP	62.570	0	get 0.0000% / 8h	6h 34m	$299K	$564K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.083%: $5.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; OKX: live order book, 32 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, 5 min ago	47.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 32 min ago	5.60 bp	15.9 bp −$16	210.7 bp −$2,107	doesn't fit	doesn't fit

XLE on 15 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	−0.0813%	4h	62.568	−0.029%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0208%	8h	62.460	−0.201%	$787K	$651K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.576	−0.016%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.593	+0.011%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.550	−0.058%	$323K	$208K	25x	as long as short
OKX XLE-USDT-SWAPshort	0.0000%	8h	62.570	−0.026%	$299K	$564K	20x
Gate XLE_USDT	0.0000%	8h	62.580	−0.010%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.580	−0.010%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.560	−0.042%	$95K	$86K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.580	−0.009%	$44K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDTlong	0.0000%	8h	62.586	long leg	$2K	$5.0M	10x
HTX XLE-USDT	0.0000%	8h	62.675	+0.142%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.560	−0.042%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0074%	8h	62.579	−0.012%	$13K	$175K	10x	as long as short
tradeXYZ xyz:XLE	+0.0129%	1h	62.531	−0.088%	$2.4M	$3.9M	20x	as long as short