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

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0017%/8h= −1.9% APRnext payment $0.17 per $10,000 · paid last 24h +0.004%
Price spread now: HTX against BloFin−0.198%59s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.198% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XLE-USDT62.6700.0017pay 0.0017% / 8h7h 19m$59K$9K20x
ShortHTX XLE-USDT62.5460get 0.0000% / 8h7h 19m$5K$35K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$3.56
Price spread: −0.198% → 0.000%
−$19.79
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$47.35
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; HTX: 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 BloFin no order-book sample
Sell HTX no order-book sample
BloFin and HTX: 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−0.0295%8h62.560−0.176%$831K$809K20xas long as short
Aster XLEUSDT0.0000%8h62.697+0.043%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.690+0.032%$782K$953K20xas long as short
Bybit XLEUSDT0.0000%8h62.660−0.016%$319K$203K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.640−0.048%$299K$482K20xas long as short
Gate XLE_USDT0.0000%8h62.680+0.016%$64K$12K20xas long as short
MEXC XLE_USDT0.0000%8h62.680+0.016%$219K$87K20xas long as short
Bitget XLEUSDT0.0000%8h62.740+0.112%$97K$66K20xas long as short
Variational Omni XLE0.0000%8h62.696+0.041%$44K$13Kas long as short
SunX XLE-USDT0.0000%8h62.702+0.051%$2K$3.5M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX XLE-USDTshort0.0000%8h62.546−0.198%$5K$35K10x
BloFin XLE-USDTlong+0.0017%8h62.670long leg$59K$9K20x
tradeXYZ xyz:XLE+0.0050%1h62.661−0.014%$2.3M$3.8M20xas long as short
QFEX XLE-USD+0.0060%1h62.720+0.080%$1.2M$4.1M30xas long as short
edgeX XLEUSDC+0.0097%4h62.693+0.037%$48K$208K10xas long as short
GRVT XLE_USDT_Perp+0.0662%8h62.681+0.017%$13K$152K10xas long as short