Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.049%

Price spread now: OKX against Arcus+0.029%47s7-day average +0.080% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.334% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.029%, 7d avg +0.080%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.051% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TSLA-USD	376.77	0.0040	pay 0.0005% / 1h	43m 55s	$163K	$93K	10x
Short	OKX TSLA-USDT-SWAP	376.88	0	get 0.0000% / 8h	6h 43m	$11.2M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$8.46
Price spread: +0.029% → +0.080%: −$5.11
Slippage, 4 orders: −$18.87
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$46.94
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Arcus: live order book, 24 min ago; OKX: live order book, 4 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 Arcus live order book, 24 min ago	2.13 bp	10.7 bp −$11	12.8 bp −$128	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.13 bp	6.9 bp −$7	9.6 bp −$96	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	−0.0373%	4h	376.81	+0.011%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	+0.056%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	376.58	−0.050%	$512K	$327K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.87	+0.026%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.75	−0.005%	$479K	$10.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.84	+0.018%	$47.2M	$109.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.92	+0.040%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	376.88	+0.029%	$11.2M	$16.7M	25x
RISEx TSLA/USDC	0.0000%	1h	376.97	+0.053%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.88	+0.029%	$2.4M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.81	+0.011%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.96	+0.050%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.93	+0.042%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.98	+0.056%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.81	+0.011%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.88	+0.029%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.82	+0.014%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.86	+0.024%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.90	+0.035%	$829K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.92	+0.040%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USDlong	+0.0040%	1h	376.77	long leg	$163K	$93K	10x
Vest TSLA-USD-PERP	+0.0046%	1h	376.98	+0.056%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0047%	1h	376.62	−0.040%	$44.3M	$14.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.76	−0.003%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.80	+0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.67	−0.027%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0093%	1h	376.94	+0.045%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.78	+0.003%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.50	−0.072%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.85	+0.021%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.87	+0.027%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.83	+0.017%	$746	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0111%	8h	377.00	+0.060%	$853K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	376.73	−0.011%	$34K	—	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.60	+0.220%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.83	+0.016%	$1.3M	$539K	20x	as long as short