Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0347%/8hpaid last 24h −0.015%

Price spread now: edgeX against Bybit−0.059%61s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.117% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.059%, 7d avg +0.036%

Together, before fees+0.282%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.095% cheaper against Bybit than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.036%). If the spread goes back, that is −$9 on $10k: about 22 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.317% in total) that is about 2.1 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XLEUSDT	62.610	0	get 0.0000% / 8h	4h 22m	$335K	$271K	25x
Short	edgeX XLEUSDC	62.573	0.0347	get 0.0173% / 4h	22m 30s	$48K	$211K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $72.79
Price spread: −0.059% → +0.036%: −$9.49
Slippage, 4 orders: −$91.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.37
Costs to cover: 1.117%
Break-even: 11.7 days

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 8 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, 5 min ago	3.20 bp	10.4 bp −$10	163.7 bp −$1,637	doesn't fit	doesn't fit
Sell edgeX live order book, 8 min ago	8.00 bp	14.6 bp −$15	doesn't fit	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
KuCoin XLEUSDTM	−0.0014%	8h	62.520	−0.144%	$774K	$534K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.640	+0.048%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.670	+0.096%	$800K	$1.8M	20x	as long as short
Bybit XLEUSDTlong	0.0000%	8h	62.610	long leg	$335K	$271K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	−0.112%	$277K	$646K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.570	−0.064%	$61K	$24K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	+0.048%	$219K	$117K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.610	0.000%	$109K	$159K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.530	−0.128%	$44K	$15K	—	as long as short
GRVT XLE_USDT_Perp	0.0000%	8h	62.560	−0.080%	$13K	$186K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.673	+0.101%	$2K	$7.0M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.444	−0.265%	$5K	$36K	10x	as long as short
BloFin XLE-USDT	+0.0011%	8h	62.520	−0.144%	$57K	$9K	20x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.660	+0.080%	$1.3M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0077%	1h	62.607	−0.005%	$2.4M	$4.0M	20x	as long as short
edgeX XLEUSDCshort	+0.0347%	4h	62.573	−0.059%	$48K	$211K	10x