Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: Aster against Bybit+0.028%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.028% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it 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	Bybit XLEUSDT	62.530	0	get 0.0000% / 8h	1h 46m	$329K	$279K	25x
Short	Aster XLEUSDT	62.548	0	get 0.0000% / 8h	1h 46m	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → 0.000%: $2.82
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 28 min ago; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 28 min ago	5.59 bp	26.0 bp −$26	183.6 bp −$1,836	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XLE-USDT	−0.0001%	8h	62.530	0.000%	$57K	$9K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.548	+0.028%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.570	+0.064%	$802K	$1.9M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.530	long leg	$329K	$279K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	−0.032%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.550	+0.032%	$61K	$21K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.560	+0.048%	$219K	$115K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.520	−0.016%	$95K	$169K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.585	+0.087%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.576	+0.074%	$1K	$7.1M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.507	−0.037%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0035%	1h	62.530	0.000%	$1.3M	$5.2M	30x	as long as short
KuCoin XLEUSDTM	+0.0100%	8h	62.440	−0.144%	$770K	$579K	20x	as long as short
tradeXYZ xyz:XLE	+0.0132%	1h	62.523	−0.011%	$2.4M	$4.0M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0167%	8h	62.569	+0.062%	$14K	$193K	10x	as long as short
edgeX XLEUSDC	+0.0356%	4h	62.584	+0.087%	$48K	$211K	10x	as long as short