Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h −0.035%

Price spread now: tradeXYZ against Binance−0.147%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.764%+$76 on $10k

Price spread, last 2 days (all we have)−0.004%$0 · spread now −0.147%, 7d avg −0.081%

Together, before fees+0.759%+ Points / potential airdroptradeXYZ: Active · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.066% cheaper against Binance than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.081%). If the spread goes back, that is −$7 on $10k: about 29 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.764% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLEUSDT	62.524	0	get 0.0000% / 8h	6h 13m	$798K	$1.1M	20x
Short	tradeXYZ xyz:XLE	62.432	0.0179	get 0.0022% / 1h	13m 36s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.147%Rate

Funding earned: $37.67
Price spread: −0.147% → −0.081%: −$6.57
Slippage, 4 orders: −$48.68
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$45.57
Costs to cover: 0.767%
Break-even: 15.5 days

Slippage from Binance: live order book, 4 min ago; tradeXYZ: live order book, 5 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, 4 min ago	3.20 bp	16.7 bp −$17	69.2 bp −$692	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	5.20 bp	19.7 bp −$20	26.0 bp −$260	doesn't fit	doesn't fit

XLE on 15 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	−0.0310%	4h	62.527	+0.006%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0205%	8h	62.350	−0.278%	$787K	$654K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.506	−0.029%	$4K	$9K	20x	as long as short
Binance XLEUSDTlong	0.0000%	8h	62.524	long leg	$798K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.470	−0.086%	$322K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	−0.086%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.038%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.500	−0.038%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.038%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.529	+0.008%	$44K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.520	−0.006%	$13K	$175K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.522	−0.003%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.549	+0.040%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	−0.038%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLEshort	+0.0179%	1h	62.432	−0.147%	$2.4M	$3.8M	20x