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: Binance against Variational Omni+0.073%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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: Binance is 0.073% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLE	62.574	0	get 0.0000% / 8h	3h 18m	$44K	$15K	—
Short	Binance XLEUSDT	62.620	0	get 0.0000% / 8h	3h 18m	$791K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → 0.000%: $7.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 14 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	2.39 bp	20.7 bp −$21	81.8 bp −$818	doesn't fit	doesn't fit

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
KuCoin XLEUSDTM	−0.0282%	8h	62.440	−0.214%	$799K	$644K	20x	as long as short
BloFin XLE-USDT	−0.0014%	8h	62.590	+0.025%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.569	−0.007%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.620	+0.073%	$791K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.590	+0.025%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.580	+0.010%	$300K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	−0.070%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.610	+0.057%	$219K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.590	+0.025%	$95K	$81K	20x	as long as short
Variational Omni XLElong	0.0000%	8h	62.574	long leg	$44K	$15K	—

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	62.599	+0.039%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.636	+0.099%	$1K	$4.6M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.461	−0.181%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0026%	1h	62.600	+0.041%	$1.2M	$4.2M	30x	as long as short
tradeXYZ xyz:XLE	+0.0191%	1h	62.563	−0.018%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0534%	4h	62.571	−0.004%	$48K	$209K	10x	as long as short