Funding arb · Price arb /

XLE

RWAall XLE markets

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 −0.610%

Price spread now: Binance against Bybit+0.096%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1181.182% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.623%−$62 on $10k

Price spread, last 2 days (all we have)+0.014%+$1 · spread now +0.096%, 7d avg +0.048%

Together, before fees−0.609%−$61 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XLEUSDT	62.490	0	get 0.0000% / 8h	38m 22s	$325K	$263K	25x
Short	Binance XLEUSDT	62.550	0	get 0.0000% / 8h	38m 22s	$797K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.048%: $4.81
Slippage, 4 orders: −$97.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$113.39
Costs to cover: 1.182%
Break-even: never at this rate

Slippage from Bybit: live order book, 31 min ago; Binance: live order book, 10 min ago.

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, 31 min ago	3.20 bp	11.2 bp −$11	193.5 bp −$1,935	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.80 bp	18.0 bp −$18	67.0 bp −$670	doesn't fit	doesn't fit

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
edgeX XLEUSDC	−0.0816%	4h	62.535	+0.072%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0038%	8h	62.380	−0.176%	$773K	$605K	20x	as long as short
BloFin XLE-USDT	−0.0017%	8h	62.450	−0.064%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.517	+0.043%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.550	+0.096%	$797K	$1.6M	20x
Bybit XLEUSDTlong	0.0000%	8h	62.490	long leg	$325K	$263K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.420	−0.112%	$298K	$641K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	+0.064%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	+0.032%	$219K	$110K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	−0.016%	$94K	$155K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLE	0.0000%	8h	62.537	+0.076%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.550	+0.096%	$1K	$6.3M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.520	+0.048%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.490	0.000%	$1.3M	$5.6M	30x	as long as short
GRVT XLE_USDT_Perp	+0.0052%	8h	62.546	+0.089%	$13K	$186K	10x	as long as short
tradeXYZ xyz:XLE	+0.0195%	1h	62.463	−0.043%	$2.4M	$4.0M	20x	as long as short