Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.6% APRpaid last 24h +0.009%

Price spread now: Variational Omni against edgeX+0.002%89s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 89 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	62.528	−0.0361	get 0.0181% / 4h	2h 16m	$48K	$210K	10x
Short	Variational Omni XLE	62.529	0	get 0.0000% / 8h	6h 16m	$44K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.002%Rate

Funding earned: $75.9
Price spread: +0.002% → 0.000%: $0.23
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $67.13
Costs to cover: 0.090%
Break-even: 0.8 days

Slippage unknown: edgeX: live order book, 51 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 51 min ago	7.99 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XLE on 15 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	−0.0361%	4h	62.528	long leg	$48K	$210K	10x
KuCoin XLEUSDTM	−0.0194%	8h	62.370	−0.252%	$787K	$654K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.534	+0.010%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.536	+0.014%	$798K	$1.1M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.490	−0.060%	$323K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	−0.092%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	−0.044%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	−0.028%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.044%	$95K	$85K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	62.529	+0.002%	$44K	$14K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.531	+0.005%	$13K	$176K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.536	+0.013%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.345	−0.292%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	−0.044%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLE	+0.0170%	1h	62.432	−0.153%	$2.4M	$3.9M	20x	as long as short