Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h −0.008%

Price spread now: HTX against QFEX−0.110%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 HTX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.110% cheaper against QFEX than usual: you would sell low and buy high (−$11 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	62.760	0.0040	pay 0.0005% / 1h	10m 33s	$1.2M	$4.2M	30x
Short	HTX XLE-USDT	62.691	0	get 0.0000% / 8h	2h 10m	$5K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$8.32
Price spread: −0.110% → 0.000%: −$10.99
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.31
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 3 min ago	5.57 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn'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 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	−0.0231%	8h	62.650	−0.175%	$805K	$677K	20x	as long as short
BloFin XLE-USDT	−0.0013%	8h	62.670	−0.143%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.727	−0.053%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.800	+0.064%	$796K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.750	−0.016%	$323K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.680	−0.127%	$302K	$577K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.670	−0.143%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.770	+0.016%	$220K	$87K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.740	−0.032%	$95K	$81K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.809	+0.078%	$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	62.784	+0.038%	$13K	$173K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.816	+0.089%	$2K	$4.5M	10x	as long as short
HTX XLE-USDTshort	0.0000%	8h	62.691	−0.110%	$5K	$35K	10x
QFEX XLE-USDlong	+0.0040%	1h	62.760	long leg	$1.2M	$4.2M	30x
tradeXYZ xyz:XLE	+0.0050%	1h	62.696	−0.102%	$2.4M	$3.8M	20x	as long as short
edgeX XLEUSDC	+0.0419%	4h	62.810	+0.080%	$48K	$208K	10x	as long as short