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

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h −0.028%
Price spread now: QFEX against Bitget+0.080%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1011.006% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.080%, 7d avg +0.077%
Together, before fees−0.106%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XLEUSDT62.5600get 0.0000% / 8h3h 30m$107K$162K20x
ShortQFEX XLE-USD62.6100.0061get 0.0008% / 1h30m 32s$1.3M$4.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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
$12.84
Price spread: +0.080% → +0.077%
$0.33
Slippage, 4 orders
−$78.63
Fee Bitget: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$87.47
Costs to cover
1.006%
Break-even
54.7 days
Slippage from Bitget: live order book, 13 min ago; QFEX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 13 min ago7.19 bp29.0 bp −$2948.9 bp −$489doesn't fitdoesn't fit
Sell QFEX live order book, 3 min ago3.19 bp10.5 bp −$10doesn't fitdoesn't fitdoesn't fit

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−0.0222%4h62.656+0.154%$48K$212K10xas long as short
Aster XLEUSDT0.0000%8h62.589+0.047%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.660+0.160%$804K$1.9M20xas long as short
Bybit XLEUSDT0.0000%8h62.630+0.112%$333K$280K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.510−0.080%$298K$689K20xas long as short
Gate XLE_USDT0.0000%8h62.540−0.032%$61K$24K20xas long as short
MEXC XLE_USDT0.0000%8h62.5600.000%$219K$116K20xas long as short
Bitget XLEUSDTlong0.0000%8h62.560long leg$107K$162K20x
Variational Omni XLE0.0000%8h62.653+0.149%$44K$15Kas long as short
SunX XLE-USDT0.0000%8h62.653+0.149%$2K$7.1M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX XLE-USDT0.0000%8h62.563+0.005%$5K$35K10xas long as short
BloFin XLE-USDT+0.0019%8h62.5600.000%$57K$9K20xas long as short
KuCoin XLEUSDTM+0.0048%8h62.530−0.048%$777K$560K20xas long as short
QFEX XLE-USDshort+0.0061%1h62.610+0.080%$1.3M$4.3M30x
tradeXYZ xyz:XLE+0.0092%1h62.5600.000%$2.4M$4.0M20xas long as short
GRVT XLE_USDT_Perp+0.0117%8h62.627+0.107%$13K$193K10xas long as short