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−0.0009%/8h= −1.0% APRnext payment $0.09 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against BloFin+0.176%102s7-day average · you sell dearer than you buy
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−0.003%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Bybit is 0.176% dearer against BloFin than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.003% in total) that is about 14 months. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XLE-USDT62.5400.0009pay 0.0009% / 8h3h 07m$58K$9K20x
ShortBybit XLEUSDT62.6500get 0.0000% / 8h3h 07m$323K$201K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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
−$1.96
Price spread: +0.176% → 0.000%
$17.59
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$7.37
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 37 min ago. 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 BloFin no order-book sample
Sell Bybit live order book, 37 min ago2.40 bp83.4 bp −$83225.4 bp −$2,254doesn't fitdoesn't fit
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
KuCoin XLEUSDTM−0.0271%8h62.500−0.064%$800K$646K20xas long as short
edgeX XLEUSDC−0.0073%4h62.667+0.203%$48K$208K10xas long as short
Aster XLEUSDT0.0000%8h62.599+0.094%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.679+0.222%$792K$1.0M20xas long as short
Bybit XLEUSDTshort0.0000%8h62.650+0.176%$323K$201K25x
OKX XLE-USDT-SWAP0.0000%8h62.5400.000%$300K$559K20xas long as short
Gate XLE_USDT0.0000%8h62.5400.000%$64K$12K20xas long as short
MEXC XLE_USDT0.0000%8h62.650+0.176%$219K$88K20xas long as short
Bitget XLEUSDT0.0000%8h62.550+0.016%$95K$81K20xas long as short
Variational Omni XLE0.0000%8h62.653+0.181%$44K$15Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XLE_USDT_Perp0.0000%8h62.642+0.163%$13K$174K10xas long as short
SunX XLE-USDT0.0000%8h62.676+0.217%$2K$4.6M10xas long as short
HTX XLE-USDT0.0000%8h62.564+0.038%$5K$34K10xas long as short
BloFin XLE-USDTlong+0.0009%8h62.540long leg$58K$9K20x
QFEX XLE-USD+0.0026%1h62.610+0.112%$1.2M$4.2M30xas long as short
tradeXYZ xyz:XLE+0.0116%1h62.593+0.085%$2.4M$3.8M20xas long as short