Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.013%

Price spread now: QFEX against BloFin+0.064%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.064% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XLE-USDT	62.230	−0.0001	get 0.0001% / 8h	6h 10m	$59K	$9K	20x
Short	QFEX XLE-USD	62.270	0.0040	get 0.0005% / 1h	10m 26s	$1.2M	$4.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee BloFinbpFee QFEXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $8.65
Price spread: +0.064% → 0.000%: $6.43
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$6.92
Costs to cover: 0.220%
Break-even: 12.6 days

Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	3.21 bp	9.9 bp −$10	17.6 bp −$176	doesn't fit	doesn'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 exchanges

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	−0.0583%	8h	62.140	−0.145%	$831K	$829K	20x	as long as short
BloFin XLE-USDTlong	−0.0001%	8h	62.230	long leg	$59K	$9K	20x
Aster XLEUSDT	0.0000%	8h	62.272	+0.067%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.280	+0.080%	$769K	$942K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.220	−0.016%	$313K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.220	−0.016%	$299K	$474K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.220	−0.016%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.250	+0.032%	$222K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.240	+0.016%	$96K	$66K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.271	+0.066%	$44K	$13K	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.259	+0.047%	$13K	$143K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.286	+0.090%	$2K	$3.2M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.119	−0.178%	$5K	$35K	10x	as long as short
QFEX XLE-USDshort	+0.0040%	1h	62.270	+0.064%	$1.2M	$4.1M	30x
tradeXYZ xyz:XLE	+0.0114%	1h	62.206	−0.039%	$2.4M	$3.9M	20x	as long as short
edgeX XLEUSDC	+0.0970%	4h	62.226	−0.006%	$48K	$209K	10x	as long as short