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%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.043%

Price spread now: SunX against Variational Omni+0.237%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 SunX

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: SunX is 0.237% dearer against Variational Omni than usual: you sell high and buy low, +$24 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	62.530	0	get 0.0000% / 8h	4h 21m	$44K	$15K	—
Short	SunX XLE-USDT	62.678	0	get 0.0000% / 8h	4h 21m	$2K	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.237%Rate

Funding earned: $0
Price spread: +0.237% → 0.000%: $23.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $15.72
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	46.19 bp	doesn't fit	doesn't fit	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	−0.0014%	8h	62.540	+0.016%	$774K	$534K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.640	+0.176%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.670	+0.224%	$800K	$1.8M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.610	+0.128%	$335K	$271K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	+0.016%	$277K	$646K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.570	+0.064%	$61K	$24K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	+0.176%	$219K	$117K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.610	+0.128%	$109K	$159K	20x	as long as short
Variational Omni XLElong	0.0000%	8h	62.530	long leg	$44K	$15K	—
GRVT XLE_USDT_Perp	0.0000%	8h	62.560	+0.048%	$13K	$186K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDTshort	0.0000%	8h	62.678	+0.237%	$2K	$7.0M	10x
HTX XLE-USDT	0.0000%	8h	62.518	−0.019%	$5K	$36K	10x	as long as short
BloFin XLE-USDT	+0.0011%	8h	62.520	−0.015%	$57K	$9K	20x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.660	+0.208%	$1.3M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0079%	1h	62.613	+0.133%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDC	+0.0347%	4h	62.573	+0.070%	$48K	$211K	10x	as long as short