Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0225%/8h= −24.6% APRpaid last 24h −0.033%

Price spread now: edgeX against Binance−0.022%60s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.640% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.838%+$84 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.022%, 7d avg −0.016%

Together, before fees+0.885%+ Points / potential airdropedgeX: Active · farm board+$88 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.838%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.516	0	get 0.0000% / 8h	4h 36m	$794K	$1.0M	20x
Short	edgeX XLEUSDC	62.502	−0.0225	pay 0.0112% / 4h	36m 30s	$48K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$47.24
Price spread: −0.022% → −0.016%: −$0.61
Slippage, 4 orders: −$45
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$111.85
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; edgeX: live order book, 20 min ago.

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, 11 min ago	2.40 bp	17.4 bp −$17	64.2 bp −$642	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	8.80 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	−0.0227%	8h	62.420	−0.154%	$792K	$644K	20x	as long as short
edgeX XLEUSDCshort	−0.0225%	4h	62.502	−0.022%	$48K	$209K	10x
BloFin XLE-USDT	−0.0015%	8h	62.520	+0.006%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.477	−0.063%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.516	long leg	$794K	$1.0M	20x
Bybit XLEUSDT	0.0000%	8h	62.500	−0.026%	$322K	$205K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.520	+0.006%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.026%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.470	−0.074%	$219K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.026%	$96K	$81K	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	62.504	−0.020%	$44K	$14K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.487	−0.047%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.511	−0.009%	$2K	$4.7M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.523	+0.010%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0002%	1h	62.500	−0.026%	$1.2M	$4.5M	30x	as long as short
tradeXYZ xyz:XLE	+0.0087%	1h	62.478	−0.061%	$2.4M	$3.8M	20x	as long as short