Funding arb · Price arb /

XLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.015%

Price spread now: Aster against QFEX−0.461%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.461% cheaper against QFEX than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XLE-USD	62.810	0.0047	pay 0.0006% / 1h	41m 54s	$1.3M	$5.6M	30x
Short	Aster XLEUSDT	62.521	0	get 0.0000% / 8h	41m 54s	$4K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.461%Rate

Funding earned: −$9.79
Price spread: −0.461% → 0.000%: −$46.08
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$73.88
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 7 min ago; Aster: 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 QFEX live order book, 7 min ago	3.20 bp	8.2 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
edgeX XLEUSDC	−0.0449%	4h	62.547	−0.419%	$48K	$211K	10x	as long as short
KuCoin XLEUSDTM	−0.0021%	8h	62.390	−0.669%	$772K	$607K	20x	as long as short
Aster XLEUSDTshort	0.0000%	8h	62.521	−0.461%	$4K	$9K	20x
Binance XLEUSDT	0.0000%	8h	62.545	−0.421%	$797K	$1.7M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.500	−0.494%	$325K	$266K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.440	−0.589%	$298K	$642K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.530	−0.446%	$61K	$15K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.510	−0.478%	$219K	$110K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	−0.494%	$94K	$155K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.547	−0.418%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XLE-USDT	0.0000%	8h	62.541	−0.428%	$2K	$6.4M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.497	−0.498%	$5K	$34K	10x	as long as short
BloFin XLE-USDT	+0.0013%	8h	62.390	−0.669%	$57K	$9K	20x	as long as short
QFEX XLE-USDlong	+0.0047%	1h	62.810	long leg	$1.3M	$5.6M	30x
GRVT XLE_USDT_Perp	+0.0052%	8h	62.537	−0.435%	$14K	$187K	10x	as long as short
tradeXYZ xyz:XLE	+0.0207%	1h	62.462	−0.554%	$2.4M	$4.0M	20x	as long as short