Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.030%

Price spread now: Lighter against Binance+0.008%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 2 days (all we have)−0.028%−$3 · spread now +0.008%, 7d avg −0.001%

Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 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	376.18	0	get 0.0000% / 8h	7h 35m	$47.0M	$109.5M	25x
Short	Lighter TSLA	376.21	0.0032	get 0.0004% / 1h	35m 56s	$702K	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.008%Rate

Funding earned: $6.72
Price spread: +0.008% → −0.001%: $0.9
Slippage, 4 orders: −$2.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.19
Costs to cover: 0.128%
Break-even: 12.4 days

Slippage from Binance: live order book, 7 min ago; Lighter: live order book, 6 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, 7 min ago	0.13 bp	5.6 bp −$6	8.7 bp −$87	28.8 bp −$2,881	doesn't fit
Sell Lighter live order book, 6 min ago	0.13 bp	0.4 bp $0	2.5 bp −$25	46.2 bp −$4,621	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	−0.0382%	4h	375.97	−0.055%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.05	−0.036%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.14	−0.010%	$481K	$11.5M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.18	long leg	$47.0M	$109.5M	25x
Bybit TSLAUSDT	0.0000%	8h	376.22	+0.011%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.07	−0.029%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.19	+0.003%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.09	−0.024%	$16.8M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.19	+0.002%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.25	+0.019%	$200K	$893K	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	376.21	+0.008%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0001%	8h	376.31	+0.035%	$572K	$340K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.88	−0.080%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.18	0.000%	$1.2M	$7.1M	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	376.21	+0.008%	$702K	$3.4M	20x
Lighter RH TSLA	+0.0032%	1h	376.23	+0.013%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.97	−0.056%	$163K	$93K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0044%	8h	376.12	−0.016%	$845K	$2.8M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.18	0.000%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.284%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.98	−0.053%	$44.3M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.035%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.15	−0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.061%	$1.6M	$1.0M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.27	+0.024%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.10	−0.021%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.89	−0.077%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.89	−0.077%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.02	−0.043%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.15	−0.009%	$745	—	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0122%	1h	376.22	+0.011%	$20K	$186K	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	376.01	−0.045%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0135%	1h	376.12	−0.016%	$489K	$112K	20x	as long as short
Bullet TSLA-USD	+0.0138%	1h	376.27	+0.025%	$5K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.10	+0.245%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.32	+0.037%	$1.3M	$547K	20x	as long as short