Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Aevo+0.030%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Phemex is 0.030% dearer against Aevo than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TSLA-PERP	377.02	0.0104	pay 0.0013% / 1h	9m 56s	$746	—	10x
Short	Phemex TSLAUSDT	377.13	0	get 0.0000% / 4h	1h 09m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$21.84
Price spread: +0.030% → 0.000%: $3.05
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$46.79
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	0.40 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit

Aevo: 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.

TSLA on 36 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 TSLAUSDC	−0.0699%	4h	377.14	+0.032%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.17	+0.042%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.02	+0.002%	$484K	$6.0M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.13	+0.029%	$47.4M	$110.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.20	+0.049%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.09	+0.020%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.19	+0.048%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.04	+0.007%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.06	+0.012%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.15	+0.036%	$200K	$909K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.93	−0.023%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	+0.007%	$513K	$331K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.13	+0.030%	$1.1M	$14K	10x
BloFin TSLA-USDT	+0.0012%	8h	377.16	+0.038%	$578K	$354K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	377.09	+0.019%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.08	+0.017%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.08	+0.017%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.98	−0.009%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.08	+0.017%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.78	−0.062%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.97	−0.012%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.04	+0.007%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.80	−0.057%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0053%	8h	377.30	+0.075%	$846K	$2.8M	10x	as long as short
Lighter TSLA	+0.0064%	1h	377.09	+0.020%	$819K	$3.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	376.81	−0.054%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0095%	1h	377.10	+0.024%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.93	−0.023%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.97	−0.012%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.00	−0.004%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.89	−0.033%	$41K	$24K	20x	as long as short
Aevo TSLA-PERPlong	+0.0104%	1h	377.02	long leg	$746	—	10x
Gate TSLA_USDT	+0.0126%	8h	377.12	+0.028%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0181%	1h	376.97	−0.013%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.304%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.17	+0.041%	$1.3M	$539K	20x	as long as short