Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.053%

Price spread now: Bybit against Arcus+0.133%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$10 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.133%, 7d avg +0.093%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.040% dearer against Arcus than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.093%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 3 days (−0.105% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TSLA-USD	375.52	0.0040	pay 0.0005% / 1h	58m 11s	$165K	$95K	10x
Short	Bybit TSLAUSDT	376.02	0	get 0.0000% / 8h	7h 58m	$10.1M	$15.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$8.46
Price spread: +0.133% → +0.093%: $3.99
Slippage, 4 orders: −$12.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.64
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from Arcus: live order book, 15 min ago; Bybit: live order book, just now.

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 Arcus live order book, 15 min ago	3.86 bp	6.6 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Bybit live order book, just now	0.27 bp	7.2 bp −$7	15.0 bp −$150	doesn't fit	doesn't fit

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	−0.0851%	4h	375.63	+0.029%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.87	+0.094%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.88	+0.096%	$478K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.00	+0.128%	$46.9M	$110.4M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.02	+0.133%	$10.1M	$15.5M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.98	+0.122%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.79	+0.072%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.88	+0.096%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.62	+0.028%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.44	−0.021%	$199K	$896K	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	375.98	+0.122%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.92	+0.107%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	375.67	+0.040%	$38K	$47K	10x	as long as short
BloFin TSLA-USDT	+0.0015%	8h	375.69	+0.045%	$568K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.75	+0.061%	$1.2M	$7.3M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.99	+0.125%	$653K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.03	+0.136%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USDlong	+0.0040%	1h	375.52	long leg	$165K	$95K	10x
Vest TSLA-USD-PERP	+0.0046%	1h	375.78	+0.069%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.109%	$529K	$328K	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.37	−0.040%	$297K	$307K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.60	+0.021%	$1.6M	$1.0M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	375.96	+0.117%	$291K	$597K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.61	+0.024%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.73	+0.056%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.64	+0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.94	+0.112%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.67	+0.040%	$744	—	10x	as long as short
tradeXYZ xyz:TSLA	+0.0120%	1h	375.36	−0.043%	$44.2M	$14.7M	20x	as long as short
Nado TSLA-PERP	+0.0135%	1h	375.76	+0.065%	$492K	$110K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0140%	8h	375.77	+0.067%	$849K	$2.7M	10x	as long as short
SoDEX TSLA-USD	+0.0158%	1h	375.69	+0.045%	$4K	$3K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.19	+0.178%	$78K	$36K	30x	as long as short
Hotstuff TSLA-PERP	+0.0240%	1h	375.33	−0.051%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0329%	1h	375.96	+0.117%	$5K	$91K	10x	as long as short
Phoenix TSLA	+0.0362%	1h	375.75	+0.061%	$1.3M	$546K	20x	as long as short