Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.054%

Price spread now: edgeX against Variational Omni−0.008%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

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—+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLE	61.929	0	get 0.0000% / 8h	5h 46m	$44K	$10K	—
Short	edgeX XLEUSDC	61.925	−0.0147	pay 0.0073% / 4h	1h 46m	$48K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$30.83
Price spread: −0.008% → 0.000%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$40.58
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; edgeX: live order book, 63 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 Variational Omni no order-book sample	—	—	—	—	—
Sell edgeX live order book, 63 min ago	8.03 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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 exchanges

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	−0.0360%	8h	62.040	+0.179%	$1.0M	$920K	20x	as long as short
edgeX XLEUSDCshort	−0.0147%	4h	61.925	−0.008%	$48K	$208K	10x
BloFin XLE-USDT	−0.0005%	8h	61.890	−0.063%	$59K	$10K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	61.953	+0.039%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	61.920	−0.015%	$772K	$1.0M	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	61.900	−0.047%	$309K	$216K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	61.880	−0.079%	$294K	$483K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	61.860	−0.112%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	61.900	−0.047%	$221K	$84K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	61.910	−0.031%	$94K	$74K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XLElong	0.0000%	8h	61.929	long leg	$44K	$10K	—
GRVT XLE_USDT_Perp	0.0000%	8h	61.940	+0.017%	$13K	$143K	10x	as long as short
SunX XLE-USDT	0.0000%	8h	61.947	+0.029%	$2K	$3.1M	10x	as long as short
HTX XLE-USDT	0.0000%	8h	61.860	−0.112%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0058%	1h	61.910	−0.031%	$1.2M	$4.1M	30x	as long as short
tradeXYZ xyz:XLE	+0.0159%	1h	61.857	−0.117%	$2.3M	$4.1M	20x	as long as short