Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.066%

Price spread now: Hotstuff against Aster−0.083%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.083% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSLAUSDT	376.18	0	get 0.0000% / 8h	3h 10m	$576K	$198K	50x
Short	Hotstuff TSLA-PERP	375.87	−0.0144	pay 0.0018% / 1h	10m 52s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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 AsterbpFee HotstuffbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$30.24
Price spread: −0.083% → 0.000%: −$8.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$51.54
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 42 min ago; Hotstuff: no order-book sample. 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 Aster live order book, 42 min ago	0.66 bp	6.1 bp −$6	256.1 bp −$2,561	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.0855%	4h	376.27	+0.022%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERPshort	−0.0144%	1h	375.87	−0.083%	$34K	—	20x
BloFin TSLA-USDT	−0.0018%	8h	376.29	+0.029%	$578K	$353K	20x	as long as short
Aster TSLAUSDTlong	0.0000%	8h	376.18	long leg	$576K	$198K	50x
Extended TSLA_24_5-USD	0.0000%	1h	376.11	−0.019%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.14	−0.011%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.18	−0.001%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.21	+0.007%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.20	+0.005%	$289K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.18	−0.001%	$17.1M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.14	−0.012%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.26	+0.021%	$200K	$898K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.29	+0.029%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0018%	1h	376.12	−0.017%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0024%	8h	376.26	+0.021%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.16	−0.006%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.14	−0.011%	$1.2M	$6.2M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.02	−0.043%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.06	−0.033%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.84	−0.091%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.03	−0.040%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.13	−0.014%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.05	−0.035%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0072%	1h	376.16	−0.006%	$838K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.014%	$511K	$337K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.91	−0.072%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.00	−0.048%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.05	−0.035%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.92	−0.070%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.13	−0.014%	$745	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0106%	8h	376.39	+0.055%	$844K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0132%	1h	376.19	+0.002%	$4K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0176%	1h	376.06	−0.033%	$18K	$192K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.11	+1.044%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0222%	1h	375.94	−0.063%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.36	+0.047%	$1.3M	$540K	20x	as long as short