Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h +0.035%

Price spread now: Binance against tradeXYZ+0.141%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.764%−$76 on $10k

Price spread, last 2 days (all we have)+0.010%+$1 · spread now +0.141%, 7d avg +0.081%

Together, before fees−0.753%+ Points / potential airdroptradeXYZ: Active · farm board−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.060% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.081%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.764% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:XLE	62.432	0.0176	pay 0.0022% / 1h	14m 21s	$2.4M	$3.8M	20x
Short	Binance XLEUSDT	62.520	0	get 0.0000% / 8h	6h 14m	$797K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.141%Rate

Funding earned: −$36.96
Price spread: +0.141% → +0.081%: $5.99
Slippage, 4 orders: −$48.68
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.65
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 3 min ago.

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 tradeXYZ live order book, 4 min ago	5.20 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	3.20 bp	21.8 bp −$22	81.6 bp −$816	doesn't fit	doesn't fit

XLE on 15 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	−0.0361%	4h	62.528	+0.153%	$48K	$210K	10x	as long as short
KuCoin XLEUSDTM	−0.0200%	8h	62.360	−0.115%	$787K	$654K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.512	+0.129%	$4K	$9K	20x	as long as short
Binance XLEUSDTshort	0.0000%	8h	62.520	+0.141%	$797K	$1.1M	20x
Bybit XLEUSDT	0.0000%	8h	62.460	+0.045%	$322K	$207K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.470	+0.061%	$300K	$559K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.500	+0.109%	$61K	$11K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.500	+0.109%	$219K	$88K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.500	+0.109%	$95K	$85K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.529	+0.155%	$44K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.531	+0.158%	$13K	$176K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	62.522	+0.144%	$2K	$4.9M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	62.549	+0.187%	$5K	$34K	10x	as long as short
QFEX XLE-USD	+0.0047%	1h	62.500	+0.109%	$1.2M	$6.0M	30x	as long as short
tradeXYZ xyz:XLElong	+0.0176%	1h	62.432	long leg	$2.4M	$3.8M	20x