Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: Bybit against SunX−0.066%7-day average −0.046% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.066%, 7d avg −0.046%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.571	0	get 0.0000% / 8h	1h 46m	$1K	$7.1M	10x
Short	Bybit XLEUSDT	62.530	0	get 0.0000% / 8h	1h 46m	$329K	$275K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.046%: −$2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 13 min ago; Bybit: live order book, 28 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 SunX live order book, 13 min ago	48.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 28 min ago	5.59 bp	86.6 bp −$87	226.9 bp −$2,269	doesn't fit	doesn't fit

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
BloFin XLE-USDT	−0.0001%	8h	62.530	−0.066%	$57K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.549	−0.034%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.560	−0.018%	$801K	$1.9M	20x	as long as short
Bybit XLEUSDTshort	0.0000%	8h	62.530	−0.066%	$329K	$275K	25x
OKX XLE-USDT-SWAP	0.0000%	8h	62.510	−0.097%	$299K	$691K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.550	−0.034%	$61K	$21K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.550	−0.034%	$219K	$115K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.530	−0.066%	$95K	$169K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.585	+0.022%	$44K	$15K	—	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.571	long leg	$1K	$7.1M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XLE-USDT	0.0000%	8h	62.507	−0.102%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0035%	1h	62.530	−0.066%	$1.3M	$5.2M	30x	as long as short
KuCoin XLEUSDTM	+0.0100%	8h	62.430	−0.225%	$770K	$580K	20x	as long as short
tradeXYZ xyz:XLE	+0.0130%	1h	62.526	−0.072%	$2.4M	$4.0M	20x	as long as short
GRVT XLE_USDT_Perp	+0.0167%	8h	62.569	−0.003%	$14K	$193K	10x	as long as short
edgeX XLEUSDC	+0.0356%	4h	62.584	+0.022%	$48K	$211K	10x	as long as short