Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.007%

Price spread now: QFEX against HTX+0.121%7-day average — · you sell dearer than you buy

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

Long on HTX Short on QFEX

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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.121% dearer against HTX than usual: you sell high and buy low: +$12 more if the spread 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	HTX XLE-USDT	62.564	0	get 0.0000% / 8h	3h 06m	$5K	$34K	10x
Short	QFEX XLE-USD	62.640	0.0026	get 0.0003% / 1h	6m 35s	$1.2M	$4.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $5.49
Price spread: +0.121% → 0.000%: $12.15
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$4.36
Costs to cover: 0.220%
Break-even: 12.6 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 7 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 7 min ago	2.39 bp	10.6 bp −$11	18.2 bp −$182	doesn't fit	doesn't fit

HTX: 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 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	−0.0268%	8h	62.500	−0.102%	$800K	$646K	20x	as long as short
edgeX XLEUSDC	−0.0073%	4h	62.667	+0.164%	$48K	$208K	10x	as long as short
Aster XLEUSDT	0.0000%	8h	62.583	+0.030%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.671	+0.171%	$792K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.640	+0.121%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.540	−0.038%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.540	−0.038%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.640	+0.121%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.550	−0.022%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.653	+0.143%	$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	62.642	+0.125%	$13K	$174K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.672	+0.173%	$2K	$4.6M	10x	as long as short
HTX XLE-USDTlong	0.0000%	8h	62.564	long leg	$5K	$34K	10x
BloFin XLE-USDT	+0.0002%	8h	62.600	+0.058%	$58K	$9K	20x	as long as short
QFEX XLE-USDshort	+0.0026%	1h	62.640	+0.121%	$1.2M	$4.2M	30x
tradeXYZ xyz:XLE	+0.0112%	1h	62.593	+0.046%	$2.4M	$3.8M	20x	as long as short