Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.017%

Price spread now: Phemex against Binance+0.074%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.074%, 7d avg −0.003%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.077% dearer against Binance than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.003%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.056% in total) that is about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	376.54	0.0138	pay 0.0138% / 8h	6h 55m	$47.2M	$115.4M	25x
Short	Phemex TSLAUSDT	376.82	0	get 0.0000% / 4h	2h 55m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$28.94
Price spread: +0.074% → −0.003%: $7.72
Slippage, 4 orders: −$47.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$90.56
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	0.13 bp	6.0 bp −$6	9.5 bp −$95	35.9 bp −$3,586	doesn't fit
Sell Phemex live order book, 2 min ago	1.59 bp	29.5 bp −$30	doesn't fit	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	−0.0815%	4h	376.81	+0.072%	$396K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.51	−0.008%	$10.1M	$15.0M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.55	+0.003%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.62	+0.021%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.48	−0.016%	$17.2M	$23.7M	100x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.82	+0.074%	$1.1M	$14K	10x
StandX TSLA-USD	+0.0009%	1h	376.49	−0.013%	$200K	$967K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.65	+0.029%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.46	−0.021%	$1.2M	$2.5M	20x	as long as short
Lighter TSLA	+0.0040%	1h	376.60	+0.016%	$805K	$3.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.33	−0.056%	$132K	$109K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.70	+0.042%	$18K	$192K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.59	+0.013%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.49	−0.013%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.32	−0.058%	$300K	$158K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.76	+0.058%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.19	−0.093%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.57	+0.008%	$1.3M	$6.2M	10x	as long as short
Aster TSLAUSDT	+0.0079%	8h	376.79	+0.067%	$575K	$189K	50x	as long as short
Pacifica TSLA	+0.0100%	1h	376.44	−0.026%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.56	+0.005%	$1.4M	$2.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.47	−0.019%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.65	+0.029%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.88	+0.090%	$746	—	10x	as long as short
Variational Omni TSLA	+0.0112%	8h	376.75	+0.056%	$1.7M	$1.5M	—	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.82	+0.074%	$508K	$367K	10x	as long as short
BloFin TSLA-USDT	+0.0121%	8h	376.88	+0.090%	$580K	$366K	20x	as long as short
Extended TSLA_24_5-USD	+0.0136%	1h	376.46	−0.022%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDTlong	+0.0138%	8h	376.54	long leg	$47.2M	$115.4M	25x
Hotstuff TSLA-PERP	+0.0152%	1h	376.50	−0.011%	$34K	—	20x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	376.95	+0.110%	$215K	$652K	20x	as long as short
Bullet TSLA-USD	+0.0204%	1h	376.88	+0.090%	$6K	$93K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.42	+0.765%	$79K	$37K	30x	as long as short
Nado TSLA-PERP	+0.0242%	1h	376.30	−0.063%	$499K	$111K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	377.00	+0.122%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0683%	8h	377.11	+0.152%	$849K	$2.9M	10x	as long as short