Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h +0.015%

Price spread now: Gate against tradeXYZ+0.109%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

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

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

The price spread pays, funding is against you. Gate is 0.109% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.182% in total) that is about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:XLE	62.432	0.0181	pay 0.0023% / 1h	13m 23s	$2.4M	$3.8M	20x
Short	Gate XLE_USDT	62.500	0	get 0.0000% / 8h	6h 13m	$61K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.109%Rate

Funding earned: −$38.02
Price spread: +0.109% → 0.000%: $10.89
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.13
Costs to cover: 0.330%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; Gate: 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, 5 min ago	5.20 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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 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	−0.0310%	4h	62.527	+0.153%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0205%	8h	62.350	−0.131%	$787K	$654K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.504	+0.115%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.500	+0.109%	$797K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.470	+0.061%	$322K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	+0.061%	$300K	$559K	20x	as long as short
Gate XLE_USDTshort	0.0000%	8h	62.500	+0.109%	$61K	$11K	20x
MEXC XLE_USDT	0.0000%	8h	62.500	+0.109%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	+0.109%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.529	+0.155%	$44K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.520	+0.141%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.522	+0.144%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.549	+0.187%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	+0.109%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLElong	+0.0181%	1h	62.432	long leg	$2.4M	$3.8M	20x