Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0278%/8h= +30.5% APRpaid last 24h +0.022%

Price spread now: Nado against Aster−0.017%7-day average −0.042% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.424%−$42 · spread now −0.017%, 7d avg −0.042%

Together, before fees−0.453%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Nado is 0.025% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.042%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.030% in total (about -3.1% a year). A funding rate is set anew for every payment. 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	Aster TSLAUSDT	376.38	0	get 0.0000% / 8h	39m 20s	$574K	$200K	50x
Short	Nado TSLA-PERP	376.32	0.0278	get 0.0035% / 1h	39m 20s	$489K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: $58.45
Price spread: −0.017% → −0.042%: $2.55
Slippage, 4 orders: −$25.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $20.15
Costs to cover: 0.408%
Break-even: 4.6 days

Slippage from Aster: live order book, 63 min ago; Nado: live order book, 64 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 Aster live order book, 63 min ago	1.06 bp	7.5 bp −$8	169.8 bp −$1,698	doesn't fit	doesn't fit
Sell Nado live order book, 64 min ago	4.79 bp	13.2 bp −$13	29.0 bp −$290	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	−0.0091%	4h	376.79	+0.109%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDTlong	0.0000%	8h	376.38	long leg	$574K	$200K	50x
Bybit TSLAUSDT	0.0000%	8h	376.62	+0.063%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.66	+0.074%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.66	+0.074%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.59	+0.055%	$17.2M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	+0.005%	$200K	$923K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.65	+0.071%	$1.1M	$14K	10x	as long as short
Hotstuff TSLA-PERP	+0.0016%	1h	376.42	+0.010%	$34K	—	20x	as long as short
Variational Omni TSLA	+0.0027%	8h	376.76	+0.101%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0030%	1h	376.51	+0.035%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.54	+0.042%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.46	+0.021%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.51	+0.034%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.37	−0.003%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.41	+0.008%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.57	+0.050%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.44	+0.016%	$1.6M	$1.1M	10x	as long as short
Extended TSLA_24_5-USD	+0.0056%	1h	376.54	+0.041%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0061%	8h	376.64	+0.068%	$47.1M	$113.5M	25x	as long as short
BloFin TSLA-USDT	+0.0062%	8h	376.69	+0.082%	$577K	$356K	20x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.51	+0.034%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.29	−0.024%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.38	0.000%	$1.5M	$335K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.014%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.56	+0.047%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.60	+0.058%	$746	—	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0122%	1h	376.42	+0.010%	$18K	$195K	10x	as long as short
Lighter TSLA	+0.0168%	1h	376.58	+0.053%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.184%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.908%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.69	+0.083%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0260%	1h	376.62	+0.065%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0276%	8h	376.76	+0.101%	$850K	$2.8M	10x	as long as short
Nado TSLA-PERPshort	+0.0278%	1h	376.32	−0.017%	$489K	$111K	20x
Phoenix TSLA	+0.0404%	1h	376.87	+0.130%	$1.3M	$525K	20x	as long as short