Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.053%
Price spread now: Phemex against Arcus+0.035%7-day average +0.074% · 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−$82as in the Price arb table
costs, in and out, $10k−$780.778% of the position
Funding, last 3 days (all we have)−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.035%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.039% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus TSLA-USD | 374.96 | 0.0040 | pay 0.0005% / 1h | 15m 54s | $153K | $84K | 10x |
| Short | Phemex TSLAUSDT | 375.09 | 0 | get 0.0000% / 4h | 1h 15m | $1.1M | $13K | 10x |
Arcus TSLA-USD
Phemex TSLAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.46
- Price spread: +0.035% → +0.074%
- −$3.91
- Slippage, 4 orders
- −$61.34
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$90.21
- Costs to cover
- 0.778%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago | 3.73 bp | 8.7 bp −$9 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.87 bp | 24.8 bp −$25 | doesn't fit | 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 | −0.0429% | 4h | 375.17 | +0.057% | $397K | $1.0M | 10x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 375.12 | +0.043% | $584K | $191K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 374.96 | 0.000% | $477K | $10.6M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 375.04 | +0.021% | $46.8M | $109.9M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 375.19 | +0.061% | $10.2M | $15.4M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 375.06 | +0.027% | $11.2M | $16.8M | 25x | as long as short |
| RISEx TSLA/USDC | 0.0000% | 1h | 375.19 | +0.060% | $175K | $529K | 20x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 375.04 | +0.021% | $2.3M | $4.2M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 374.96 | 0.000% | $16.6M | $22.5M | 100x | as long as short |
| Variational Omni TSLA | 0.0000% | 8h | 375.19 | +0.061% | $1.8M | $1.2M | — | as long as short |
edgeX TSLAUSDC
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
RISEx TSLA/USDC
Gate TSLA_USDT
Bitget TSLAUSDT
Variational Omni TSLAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX TSLA-USD | 0.0000% | 1h | 375.11 | +0.040% | $199K | $897K | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 374.93 | −0.008% | $20K | $186K | 10x | as long as short |
| Phemex TSLAUSDTshort | 0.0000% | 4h | 375.09 | +0.035% | $1.1M | $13K | 10x | |
| BloFin TSLA-USDT | +0.0006% | 8h | 375.06 | +0.027% | $568K | $341K | 20x | as long as short |
| Aftermath Perps TSLAUSD | +0.0015% | 1h | 375.00 | +0.009% | $38K | $49K | 10x | as long as short |
| QFEX TSLA-USD | +0.0030% | 1h | 375.05 | +0.024% | $1.2M | $7.2M | 10x | as long as short |
| Lighter TSLA | +0.0032% | 1h | 375.03 | +0.019% | $648K | $3.3M | 20x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 375.08 | +0.032% | $1.2M | $2.6M | 20x | as long as short |
| Arcus TSLA-USDlong | +0.0040% | 1h | 374.96 | long leg | $153K | $84K | 10x | |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 374.99 | +0.008% | — | $133K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 374.83 | −0.035% | $43.5M | $14.1M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 374.88 | −0.021% | $297K | $292K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 374.99 | +0.008% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 374.81 | −0.040% | $1.6M | $1.0M | 10x | as long as short |
| Bullet TSLA-USD | +0.0053% | 1h | 375.06 | +0.027% | $6K | $90K | 10x | as long as short |
| Nado TSLA-PERP | +0.0062% | 1h | 374.90 | −0.015% | $484K | $90K | 20x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 374.84 | −0.032% | $389K | $38K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 374.91 | −0.013% | $1.5M | $160K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 375.05 | +0.024% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 374.90 | −0.016% | $41K | $20K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 374.99 | +0.007% | $742 | — | 10x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0124% | 8h | 375.27 | +0.083% | $847K | $2.7M | 10x | as long as short |
| Hotstuff TSLA-PERP | +0.0128% | 1h | 374.79 | −0.045% | $34K | — | 20x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0128% | 1h | 375.11 | +0.040% | $529K | $332K | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 376.16 | +0.320% | $78K | $36K | 30x | as long as short |
| Phoenix TSLA | +0.0277% | 1h | 375.32 | +0.096% | $1.3M | $522K | 20x | as long as short |
StandX TSLA-USD
Deribit TSLA_USDC-PERPETUAL
BloFin TSLA-USDT
Aftermath Perps TSLAUSD
QFEX TSLA-USD
Lighter TSLA
Lighter RH TSLA
Vest TSLA-USD-PERP
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
Bullet TSLA-USD
Nado TSLA-PERP
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
GRVT TSLA_USDT_Perp
Hotstuff TSLA-PERP
Coinbase International TSLA-PERP-INTX
Injective TSLA/USDC PERP
Phoenix TSLA