TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0280%/8h= +30.6% APRnext payment +$0.35 per $10,000 · paid last 24h +0.046%

Price spread now: Phoenix against Arcus+0.051%109s7-day average +0.108% · 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−$340.338% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.051%, 7d avg +0.108%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.057% cheaper against Arcus than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.108%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.060% in total) that is about 3.2 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.060% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TSLA-USD	375.26	0.0083	pay 0.0010% / 1h	47m 34s	$153K	$84K	10x
Short	Phoenix TSLA	375.45	0.0362	get 0.0045% / 1h	47m 34s	$1.3M	$547K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.051%Rate

Funding earned: $58.76
Price spread: +0.051% → +0.108%: −$5.72
Slippage, 4 orders: −$22.33
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $19.21
Costs to cover: 0.338%
Break-even: 4.7 days

Slippage from Arcus: live order book, 31 min ago; Phoenix: live order book, 1 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, 31 min ago	3.73 bp	8.7 bp −$9	9.6 bp −$96	doesn't fit	doesn't fit
Sell Phoenix live order book, 1 min ago	2.66 bp	9.6 bp −$10	19.1 bp −$191	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	−0.0546%	4h	375.33	+0.018%	$397K	$1.0M	10x	as long as short
Nado TSLA-PERP	−0.0048%	1h	375.35	+0.023%	$485K	$90K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.29	+0.008%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.33	+0.019%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.42	+0.041%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.55	+0.077%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.49	+0.061%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.42	+0.043%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.36	+0.027%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.34	+0.021%	$1.8M	$1.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	375.42	+0.043%	$199K	$899K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.42	+0.042%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.40	+0.037%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.38	+0.032%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0012%	1h	375.15	−0.030%	$38K	$48K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	375.43	+0.045%	$523K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.35	+0.024%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.38	+0.032%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.41	+0.040%	$1.2M	$2.6M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.43	+0.045%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.22	−0.011%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.21	−0.013%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.37	+0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.09	−0.045%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	375.17	−0.024%	$34K	—	20x	as long as short
Arcus TSLA-USDlong	+0.0083%	1h	375.26	long leg	$153K	$84K	10x
RISEx TSLA/USDC	+0.0085%	1h	375.43	+0.045%	$185K	$536K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.27	+0.003%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.11	−0.040%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.21	−0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.24	−0.005%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.35	+0.025%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.040%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0122%	8h	375.43	+0.046%	$848K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.07	+0.216%	$78K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0362%	1h	375.45	+0.051%	$1.3M	$547K	20x