Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.007%

Price spread now: QFEX against edgeX+0.056%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.124%−$12 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.056%, 7d avg +0.035%

Together, before fees−0.134%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and QFEX is 0.021% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 3 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XLEUSDC	62.545	−0.0103	get 0.0051% / 4h	35m 36s	$48K	$210K	10x
Short	QFEX XLE-USD	62.580	0.0047	get 0.0006% / 1h	35m 36s	$1.3M	$5.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $31.42
Price spread: +0.056% → +0.035%: $2.07
Slippage, 4 orders: −$25.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.19
Costs to cover: 0.447%
Break-even: 9.5 days

Slippage from edgeX: live order book, 41 min ago; QFEX: live order book, 3 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, 41 min ago	6.40 bp	14.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	3.20 bp	8.6 bp −$9	17.0 bp −$170	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 XLEUSDClong	−0.0103%	4h	62.545	long leg	$48K	$210K	10x
KuCoin XLEUSDTM	−0.0050%	8h	62.360	−0.296%	$773K	$601K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.517	−0.044%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.550	+0.008%	$798K	$1.6M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.510	−0.056%	$325K	$262K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.420	−0.200%	$298K	$640K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.520	−0.040%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.520	−0.040%	$219K	$111K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.480	−0.104%	$94K	$155K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.548	+0.004%	$44K	$15K	—	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	62.550	+0.008%	$2K	$6.3M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.513	−0.051%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0018%	8h	62.450	−0.152%	$57K	$9K	20x	as long as short
QFEX XLE-USDshort	+0.0047%	1h	62.580	+0.056%	$1.3M	$5.7M	30x
GRVT XLE_USDT_Perp	+0.0052%	8h	62.546	+0.001%	$13K	$186K	10x	as long as short
tradeXYZ xyz:XLE	+0.0186%	1h	62.461	−0.134%	$2.4M	$4.0M	20x	as long as short