Settings8H · net · $10k
Funding arb · Price arb /

XLE

RWAall XLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0205%/8h= +22.4% APRnext payment +$2.05 per $10,000 · paid last 24h −0.002%
Price spread now: HTX against KuCoin+0.319%51s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.319% dearer against KuCoin than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XLEUSDTM62.350−0.0205get 0.0205% / 8h6h 13m$787K$654K20x
ShortHTX XLE-USDT62.5490get 0.0000% / 8h6h 13m$5K$34K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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

Funding earned
$43.05
Price spread: +0.319% → 0.000%
$31.92
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$50.97
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 26 min ago; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 26 min ago6.41 bp585.6 bp −$586doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
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 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX XLEUSDC−0.0310%4h62.527+0.285%$48K$211K10xas long as short
KuCoin XLEUSDTMlong−0.0205%8h62.350long leg$787K$654K20x
Aster XLEUSDT0.0000%8h62.504+0.247%$4K$9K20xas long as short
Binance XLEUSDT0.0000%8h62.500+0.241%$797K$1.1M20xas long as short
Bybit XLEUSDT0.0000%8h62.470+0.192%$322K$207K25xas long as short
OKX XLE-USDT-SWAP0.0000%8h62.470+0.192%$300K$559K20xas long as short
Gate XLE_USDT0.0000%8h62.500+0.241%$61K$11K20xas long as short
MEXC XLE_USDT0.0000%8h62.500+0.241%$219K$88K20xas long as short
Bitget XLEUSDT0.0000%8h62.500+0.241%$95K$85K20xas long as short
Variational Omni XLE0.0000%8h62.529+0.287%$44K$14Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XLE_USDT_Perp0.0000%8h62.520+0.273%$13K$175K10xas long as short
SunX XLE-USDT0.0000%8h62.522+0.276%$2K$4.9M10xas long as short
HTX XLE-USDTshort0.0000%8h62.549+0.319%$5K$34K10x
QFEX XLE-USD+0.0047%1h62.500+0.241%$1.2M$6.0M30xas long as short
tradeXYZ xyz:XLE+0.0181%1h62.432+0.132%$2.4M$3.8M20xas long as short