Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−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 Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.079% cheaper against Binance than usual: you would sell low and buy high, −$8 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	61.949	0	get 0.0000% / 8h	5h 48m	$772K	$998K	20x
Short	Bitget XLEUSDT	61.900	0	get 0.0000% / 8h	5h 48m	$94K	$74K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → 0.000%: −$7.88
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.88
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 52 min ago; Bitget: 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, 52 min ago	0.80 bp	20.7 bp −$21	69.4 bp −$694	doesn't fit	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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 exchanges

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	−0.0403%	8h	62.050	+0.163%	$856K	$914K	20x	as long as short
edgeX XLEUSDC	−0.0147%	4h	61.925	−0.039%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	61.962	+0.021%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	61.949	long leg	$772K	$998K	20x
Bybit XLEUSDT	0.0000%	8h	61.900	−0.079%	$309K	$213K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	61.890	−0.095%	$294K	$483K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	61.860	−0.143%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	61.890	−0.095%	$221K	$84K	20x	as long as short
Bitget XLEUSDTshort	0.0000%	8h	61.900	−0.079%	$94K	$74K	20x
Variational Omni XLE	0.0000%	8h	61.929	−0.032%	$44K	$10K	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	61.939	−0.015%	$13K	$143K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	61.936	−0.021%	$2K	$3.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	61.963	+0.023%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0008%	8h	61.840	−0.176%	$59K	$10K	20x	as long as short
QFEX XLE-USD	+0.0058%	1h	61.910	−0.063%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0157%	1h	61.846	−0.166%	$2.3M	$4.1M	20x	as long as short