Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h +0.021%

Price spread now: Bitget against edgeX−0.087%84s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as 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−$1271.274% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.346%−$35 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.087%, 7d avg −0.047%

Together, before fees−0.209%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.040% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 84 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	62.584	0.0356	pay 0.0178% / 4h	1h 46m	$48K	$211K	10x
Short	Bitget XLEUSDT	62.530	0	get 0.0000% / 8h	1h 46m	$95K	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$74.72
Price spread: −0.087% → −0.047%: −$4.03
Slippage, 4 orders: −$106.42
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$206.16
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from edgeX: live order book, 36 min ago; Bitget: live order book, 28 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, 36 min ago	9.58 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	4.79 bp	55.8 bp −$56	71.2 bp −$712	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
BloFin XLE-USDT	−0.0001%	8h	62.530	−0.087%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.549	−0.056%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.560	−0.039%	$801K	$1.9M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.530	−0.087%	$329K	$275K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	−0.119%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.550	−0.055%	$61K	$21K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.550	−0.055%	$219K	$115K	20x	as long as short
Bitget XLEUSDTshort	0.0000%	8h	62.530	−0.087%	$95K	$169K	20x
Variational Omni XLE	0.0000%	8h	62.585	0.000%	$44K	$15K	—	as long as short
SunX XLE-USDT	0.0000%	8h	62.571	−0.022%	$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	−0.124%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0035%	1h	62.530	−0.087%	$1.3M	$5.2M	30x	as long as short
KuCoin XLEUSDTM	+0.0100%	8h	62.430	−0.247%	$770K	$580K	20x	as long as short
tradeXYZ xyz:XLE	+0.0130%	1h	62.526	−0.093%	$2.4M	$4.0M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0167%	8h	62.569	−0.025%	$14K	$193K	10x	as long as short
edgeX XLEUSDClong	+0.0356%	4h	62.584	long leg	$48K	$211K	10x