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: Aster against Binance−0.060%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aster

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.060% cheaper against Binance than usual: you would sell low and buy high, −$6 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	Binance XLEUSDT	62.820	0	get 0.0000% / 8h	36m 40s	$793K	$909K	20x
Short	Aster XLEUSDT	62.782	0	get 0.0000% / 8h	36m 40s	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → 0.000%: −$6.02
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 26 min ago; Aster: no order-book sample. 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 Binance live order book, 26 min ago	1.59 bp	12.6 bp −$13	69.1 bp −$691	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	−0.0285%	8h	62.620	−0.318%	$817K	$707K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.782	−0.060%	$4K	$9K	20x
Binance XLEUSDTlong	0.0000%	8h	62.820	long leg	$793K	$909K	20x
Bybit XLEUSDT	0.0000%	8h	62.790	−0.047%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.780	−0.063%	$301K	$545K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.190%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.790	−0.047%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.780	−0.063%	$95K	$83K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.773	−0.075%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.801	−0.030%	$13K	$163K	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-USDT	0.0000%	8h	62.827	+0.012%	$962	$4.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.662	−0.251%	$5K	$36K	10x	as long as short
BloFin XLE-USDT	+0.0008%	8h	62.770	−0.079%	$58K	$9K	20x	as long as short
QFEX XLE-USD	+0.0033%	1h	62.810	−0.015%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0118%	1h	62.700	−0.190%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0958%	4h	62.791	−0.045%	$48K	$208K	10x	as long as short