Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h −0.003%

Price spread now: Deribit against Binance−0.041%7-day average −0.024% · 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−$25as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.169%+$17 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.041%, 7d avg −0.024%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	376.29	0	get 0.0000% / 8h	2h 53m	$47.0M	$112.5M	25x
Short	Deribit TSLA_USDC-PERPETUAL	376.14	0.0229	get 0.0029% / 1h	53m 03s	$18K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.041%Rate

Funding earned: $48.04
Price spread: −0.041% → −0.024%: −$1.69
Slippage, 4 orders: −$6.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $22.74
Costs to cover: 0.236%
Break-even: 3.7 days

Slippage from Binance: live order book, 5 min ago; Deribit: live order book, 60 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 Binance live order book, 5 min ago	0.13 bp	6.5 bp −$7	10.0 bp −$100	30.9 bp −$3,091	doesn't fit
Sell Deribit live order book, 60 min ago	0.13 bp	3.6 bp −$4	4.9 bp −$49	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	−0.0230%	4h	376.18	−0.031%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.29	−0.001%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.18	−0.030%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.29	long leg	$47.0M	$112.5M	25x
Bybit TSLAUSDT	0.0000%	8h	376.19	−0.027%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.22	−0.019%	$11.2M	$16.9M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.87	−0.112%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	−0.025%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.26	−0.009%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.24	−0.014%	$200K	$917K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	376.26	−0.009%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0015%	8h	376.22	−0.019%	$577K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0021%	1h	376.02	−0.074%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0023%	8h	376.28	−0.003%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.16	−0.035%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.91	−0.102%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.06	−0.062%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.90	−0.104%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.09	−0.054%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.19	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.82	−0.126%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.23	−0.017%	$1.3M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.25	−0.010%	$289K	$580K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.93	−0.096%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.02	−0.072%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.97	−0.086%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.13	−0.043%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.17	−0.032%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.043%	$511K	$337K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0129%	8h	376.29	0.000%	$848K	$2.8M	10x	as long as short
Lighter TSLA	+0.0144%	1h	376.18	−0.030%	$836K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0200%	1h	376.24	−0.014%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.17	+0.233%	$78K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0229%	1h	376.14	−0.041%	$18K	$192K	10x
Nado TSLA-PERP	+0.0280%	1h	375.97	−0.087%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.09	−0.054%	$1.3M	$528K	20x	as long as short