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: MEXC against Variational Omni+0.039%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 MEXC

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: MEXC is 0.039% dearer against Variational Omni than usual: you sell high and buy low, +$4 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	62.565	0	get 0.0000% / 8h	6h 36m	$44K	$15K	—
Short	MEXC XLE_USDT	62.590	0	get 0.0000% / 8h	6h 36m	$219K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.95
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 13 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 MEXC live order book, 13 min ago	7.19 bp	14.2 bp −$14	114.3 bp −$1,143	209.6 bp −$21.0K	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
edgeX XLEUSDC	−0.0813%	4h	62.568	+0.004%	$48K	$209K	10x	as long as short
KuCoin XLEUSDTM	−0.0208%	8h	62.410	−0.248%	$788K	$651K	20x	as long as short
BloFin XLE-USDT	−0.0018%	8h	62.510	−0.088%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.563	−0.004%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.588	+0.037%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.550	−0.024%	$323K	$208K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.560	−0.008%	$299K	$566K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.590	+0.039%	$61K	$11K	20x	as long as short
MEXC XLE_USDTshort	0.0000%	8h	62.590	+0.039%	$219K	$87K	20x
Bitget XLEUSDT	0.0000%	8h	62.560	−0.008%	$95K	$90K	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 XLElong	0.0000%	8h	62.565	long leg	$44K	$15K	—
SunX XLE-USDT	0.0000%	8h	62.576	+0.017%	$1K	$5.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.376	−0.303%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.570	+0.008%	$1.2M	$6.0M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0074%	8h	62.579	+0.021%	$13K	$175K	10x	as long as short
tradeXYZ xyz:XLE	+0.0128%	1h	62.543	−0.036%	$2.4M	$3.9M	20x	as long as short