Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0886%/8h= +97.0% APRpaid last 24h −0.061%

Price spread now: edgeX against Aster+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 Aster Short on edgeX

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 airdropAster: Stage 5 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and edgeX is 0.039% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread 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	Aster XLEUSDT	62.728	0	get 0.0000% / 8h	5m 15s	$4K	$9K	20x
Short	edgeX XLEUSDC	62.752	0.0886	get 0.0443% / 4h	5m 15s	$48K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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 AsterbpFee edgeXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $186.07
Price spread: +0.039% → 0.000%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $172.94
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: Aster: no order-book sample; edgeX: live order book, 32 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 Aster no order-book sample	—	—	—	—	—
Sell edgeX live order book, 32 min ago	8.76 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	−0.0328%	8h	62.560	−0.268%	$828K	$783K	20x	as long as short
BloFin XLE-USDT	−0.0003%	8h	62.650	−0.124%	$58K	$9K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.728	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.740	+0.019%	$789K	$977K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.690	−0.061%	$320K	$204K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.650	−0.124%	$301K	$523K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.045%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.700	−0.045%	$220K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.730	+0.003%	$95K	$80K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.737	+0.014%	$44K	$15K	—	as long as short

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	62.770	+0.067%	$13K	$160K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.742	+0.022%	$2K	$3.8M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.650	−0.124%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0033%	1h	62.720	−0.013%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.648	−0.128%	$2.3M	$3.8M	20x	as long as short
edgeX XLEUSDCshort	+0.0886%	4h	62.752	+0.039%	$48K	$209K	10x