Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0254%/8h= +27.9% APRpaid last 24h +0.092%

Price spread now: Phoenix against Aster+0.060%95s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.359% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.628%+$63 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.060%, 7d avg +0.024%

Together, before fees+0.621%+ Points / potential airdropAster: Stage 5 · farm board+$62 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 Phoenix is 0.036% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 95 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	Aster TSLAUSDT	377.14	0	get 0.0000% / 8h	5h 37m	$578K	$196K	50x
Short	Phoenix TSLA	377.37	0.0254	get 0.0032% / 1h	37m 57s	$1.3M	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.060%Rate

Funding earned: $53.42
Price spread: +0.060% → +0.024%: $3.57
Slippage, 4 orders: −$20.87
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $21.13
Costs to cover: 0.359%
Break-even: 4.2 days

Slippage from Aster: live order book, 25 min ago; Phoenix: live order book, 5 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, 25 min ago	1.19 bp	7.5 bp −$8	214.1 bp −$2,141	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	3.44 bp	11.2 bp −$11	23.6 bp −$236	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	−0.0390%	4h	377.07	−0.020%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDTlong	0.0000%	8h	377.14	long leg	$578K	$196K	50x
Extended TSLA_24_5-USD	0.0000%	1h	377.00	−0.037%	$479K	$7.3M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.10	−0.012%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.17	+0.007%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.07	−0.020%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.14	−0.001%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.17	+0.007%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.02	−0.032%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.34	+0.051%	$850K	$2.8M	10x	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	377.07	−0.020%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.87	−0.073%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	+0.049%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.14	−0.001%	$1.1M	$15K	10x	as long as short
BloFin TSLA-USDT	+0.0010%	8h	377.33	+0.049%	$577K	$341K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	377.06	−0.022%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.04	−0.028%	$1.2M	$6.6M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.08	−0.017%	$820K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.09	−0.014%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.02	−0.033%	$161K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.06	−0.022%	—	$130K	25x	as long as short
Bullet TSLA-USD	+0.0047%	1h	377.13	−0.004%	$5K	$92K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.79	−0.094%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.01	−0.036%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.02	−0.033%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.81	−0.089%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.79	−0.094%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.99	−0.041%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.00	−0.038%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.09	−0.014%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.88	−0.070%	$41K	$22K	20x	as long as short
Gate TSLA_USDT	+0.0102%	8h	377.12	−0.006%	$2.3M	$3.7M	100x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.02	−0.032%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0141%	1h	376.95	−0.050%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.30	+0.307%	$79K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0254%	1h	377.37	+0.060%	$1.3M	$539K	20x