Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.015%

Price spread now: QFEX against Aster−0.079%7-day average — · you buy dearer than you sell

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

Long on Aster Short on QFEX

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.079% cheaper against Aster than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XLEUSDT	62.520	0	get 0.0000% / 8h	39m 53s	$4K	$9K	20x
Short	QFEX XLE-USD	62.470	0.0047	get 0.0006% / 1h	39m 53s	$1.3M	$5.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $9.79
Price spread: −0.079% → 0.000%: −$7.92
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.13
Costs to cover: 0.180%
Break-even: 18.5 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	3.20 bp	8.8 bp −$9	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
edgeX XLEUSDC	−0.0449%	4h	62.547	+0.044%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0028%	8h	62.380	−0.223%	$773K	$605K	20x	as long as short
BloFin XLE-USDT	−0.0001%	8h	62.450	−0.111%	$57K	$9K	20x	as long as short
Aster XLEUSDTlong	0.0000%	8h	62.520	long leg	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.550	+0.049%	$797K	$1.6M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.031%	$325K	$263K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.440	−0.127%	$298K	$641K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	+0.017%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	−0.015%	$219K	$110K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.031%	$94K	$155K	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 XLE	0.0000%	8h	62.537	+0.028%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.551	+0.050%	$1K	$6.4M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.595	+0.121%	$5K	$34K	10x	as long as short
QFEX XLE-USDshort	+0.0047%	1h	62.470	−0.079%	$1.3M	$5.6M	30x
GRVT XLE_USDT_Perp	+0.0052%	8h	62.536	+0.026%	$13K	$186K	10x	as long as short
tradeXYZ xyz:XLE	+0.0200%	1h	62.465	−0.087%	$2.4M	$4.0M	20x	as long as short