Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: Variational Omni against SunX−0.022%45s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.022% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	62.551	0	get 0.0000% / 8h	39m 23s	$1K	$6.4M	10x
Short	Variational Omni XLE	62.537	0	get 0.0000% / 8h	39m 23s	$44K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → 0.000%: −$2.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.21
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Variational Omni: 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, 9 min ago	45.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−0.0816%	4h	62.535	−0.025%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0035%	8h	62.380	−0.273%	$773K	$605K	20x	as long as short
BloFin XLE-USDT	−0.0001%	8h	62.450	−0.161%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.521	−0.047%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.550	−0.002%	$797K	$1.6M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.082%	$325K	$263K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.440	−0.177%	$298K	$641K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	−0.034%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.490	−0.098%	$219K	$110K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.082%	$94K	$155K	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 XLEshort	0.0000%	8h	62.537	−0.022%	$44K	$15K	—
SunX XLE-USDTlong	0.0000%	8h	62.551	long leg	$1K	$6.4M	10x
HTX XLE-USDT	0.0000%	8h	62.595	+0.070%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.450	−0.161%	$1.3M	$5.6M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0052%	8h	62.546	−0.008%	$13K	$186K	10x	as long as short
tradeXYZ xyz:XLE	+0.0199%	1h	62.471	−0.128%	$2.4M	$4.0M	20x	as long as short