Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.064%81s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.626%+$63 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.064% 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). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XLEUSDT62.5700get 0.0000% / 8h6h 57m$797K$1.1M20x
ShortBloFin XLE-USDT62.5300.0003get 0.0003% / 8h6h 57m$58K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$0.59
Price spread: −0.064% → 0.000%
−$6.39
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$27.8
Costs to cover
0.220%
Break-even
336.7 days
Slippage unknown: Binance: live order book, 5 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago2.40 bp16.2 bp −$1669.9 bp −$699doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX XLEUSDC−0.0674%4h62.589+0.031%$48K$210K10xas long as short
KuCoin XLEUSDTM−0.0164%8h62.430−0.224%$779K$639K20xas long as short
Aster XLEUSDT0.0000%8h62.570+0.001%$4K$9K20xas long as short
Binance XLEUSDTlong0.0000%8h62.570long leg$797K$1.1M20x
Bybit XLEUSDT0.0000%8h62.550−0.032%$324K$208K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.530−0.064%$299K$563K20xas long as short
Gate XLE_USDT0.0000%8h62.580+0.016%$61K$11K20xas long as short
MEXC XLE_USDT0.0000%8h62.5700.000%$219K$86K20xas long as short
Bitget XLEUSDT0.0000%8h62.550−0.032%$94K$90K20xas long as short
Variational Omni XLE0.0000%8h62.584+0.022%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XLE-USDT0.0000%8h62.576+0.010%$2K$5.1M10xas long as short
HTX XLE-USDT0.0000%8h62.531−0.062%$5K$34K10xas long as short
BloFin XLE-USDTshort+0.0003%8h62.530−0.064%$58K$9K20x
QFEX XLE-USD+0.0047%1h62.530−0.064%$1.2M$6.0M30xas long as short
tradeXYZ xyz:XLE+0.0074%1h62.545−0.040%$2.4M$3.9M20xas long as short
GRVT XLE_USDT_Perp+0.0187%8h62.590+0.032%$13K$175K10xas long as short