Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.014%

Price spread now: Aster against tradeXYZ+0.132%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.132% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:XLE	62.615	0.0237	pay 0.0030% / 1h	34m 18s	$2.3M	$3.8M	20x
Short	Aster XLEUSDT	62.698	0	get 0.0000% / 8h	7h 34m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$49.83
Price spread: +0.132% → 0.000%: $13.2
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$62.62
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; Aster: 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 tradeXYZ live order book, 3 min ago	4.54 bp	16.8 bp −$17	46.0 bp −$460	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
KuCoin XLEUSDTM	−0.0260%	8h	62.600	−0.024%	$835K	$796K	20x	as long as short
edgeX XLEUSDC	−0.0174%	4h	62.803	+0.300%	$48K	$208K	10x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.698	+0.132%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.680	+0.104%	$787K	$945K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.680	+0.104%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.640	+0.040%	$300K	$481K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	+0.136%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.690	+0.120%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	+0.200%	$97K	$66K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.810	+0.311%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.817	+0.323%	$1K	$3.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.713	+0.157%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0012%	8h	62.670	+0.088%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0060%	1h	62.790	+0.279%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLElong	+0.0237%	1h	62.615	long leg	$2.3M	$3.8M	20x
GRVT XLE_USDT_Perp	+0.1797%	8h	62.800	+0.295%	$13K	$154K	10x	as long as short