Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.016%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLE_USDT	62.770	0	get 0.0000% / 8h	1h 42m	$220K	$86K	20x
Short	Bitget XLEUSDT	62.760	0	get 0.0000% / 8h	1h 42m	$95K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.59
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 47 min ago; Bitget: 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 MEXC live order book, 47 min ago	5.58 bp	11.4 bp −$11	121.5 bp −$1,215	206.3 bp −$20.6K	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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	−0.0230%	8h	62.690	−0.127%	$807K	$691K	20x	as long as short
BloFin XLE-USDT	0.0000%	8h	62.630	−0.223%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.772	+0.004%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.770	0.000%	$795K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.770	0.000%	$323K	$201K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.720	−0.080%	$302K	$570K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.112%	$64K	$12K	20x	as long as short
MEXC XLE_USDTlong	0.0000%	8h	62.770	long leg	$220K	$86K	20x
Bitget XLEUSDTshort	0.0000%	8h	62.760	−0.016%	$95K	$87K	20x
Variational Omni XLE	0.0000%	8h	62.764	−0.010%	$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	62.770	0.000%	$13K	$170K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.771	+0.002%	$2K	$4.5M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.661	−0.174%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0031%	1h	62.740	−0.048%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0050%	1h	62.717	−0.084%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0985%	4h	62.757	−0.020%	$48K	$210K	10x	as long as short