Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.112%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.112% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XLE_USDT	61.860	0	get 0.0000% / 8h	5h 48m	$64K	$12K	20x
Short	Variational Omni XLE	61.929	0	get 0.0000% / 8h	5h 48m	$44K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → 0.000%: $11.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; 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 Gate no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Gate and 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 16 exchanges

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	−0.0403%	8h	62.050	+0.307%	$856K	$914K	20x	as long as short
edgeX XLEUSDC	−0.0147%	4h	61.925	+0.104%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	61.956	+0.155%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	61.942	+0.132%	$767K	$997K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	61.890	+0.048%	$309K	$213K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	61.890	+0.048%	$294K	$483K	20x	as long as short
Gate XLE_USDTlong	0.0000%	8h	61.860	long leg	$64K	$12K	20x
MEXC XLE_USDT	0.0000%	8h	61.910	+0.081%	$221K	$84K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	61.900	+0.065%	$94K	$74K	20x	as long as short
Variational Omni XLEshort	0.0000%	8h	61.929	+0.112%	$44K	$10K	—

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	61.939	+0.128%	$13K	$143K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	61.936	+0.123%	$2K	$3.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	61.963	+0.167%	$5K	$35K	10x	as long as short
BloFin XLE-USDT	+0.0008%	8h	61.840	−0.032%	$59K	$10K	20x	as long as short
QFEX XLE-USD	+0.0058%	1h	61.910	+0.081%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0159%	1h	61.844	−0.026%	$2.3M	$4.1M	20x	as long as short