Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h +0.061%

Price spread now: Binance against edgeX+0.009%50s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as 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−$650.646% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.831%−$83 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.009%, 7d avg +0.016%

Together, before fees−0.787%+ Points / potential airdropedgeX: Active · farm board−$79 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 50 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	edgeX XLEUSDC	62.749	0.0242	pay 0.0121% / 4h	56m 42s	$48K	$208K	10x
Short	Binance XLEUSDT	62.754	0	get 0.0000% / 8h	56m 42s	$794K	$984K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$50.75
Price spread: +0.009% → +0.016%: −$0.76
Slippage, 4 orders: −$45.62
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$116.13
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from edgeX: live order book, 45 min ago; Binance: live order book, 6 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 edgeX live order book, 45 min ago	7.97 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.59 bp	21.0 bp −$21	85.4 bp −$854	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	−0.0247%	8h	62.580	−0.269%	$809K	$692K	20x	as long as short
BloFin XLE-USDT	−0.0028%	8h	62.680	−0.110%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.712	−0.059%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.754	+0.009%	$794K	$984K	20x
Bybit XLEUSDT	0.0000%	8h	62.700	−0.078%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.710	−0.062%	$301K	$560K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.078%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.730	−0.030%	$220K	$85K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	−0.014%	$95K	$87K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.739	−0.016%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.754	+0.008%	$13K	$165K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.726	−0.036%	$1K	$4.2M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.615	−0.213%	$5K	$36K	10x	as long as short
QFEX XLE-USD	+0.0033%	1h	62.710	−0.062%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0097%	1h	62.655	−0.150%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDClong	+0.0242%	4h	62.749	long leg	$48K	$208K	10x