Funding you earn now, next payment 08:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.081%
Price spread now: Phoenix against Binance+0.080%7-day average +0.026% · 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−$26as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days+0.584%+$58 on $10k
+Price spread, last 7 days+0.015%+$1 · spread now +0.080%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.054% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSLAUSDT | 375.82 | 0.0075 | pay 0.0075% / 8h | 7h 51m | $47.0M | $114.3M | 25x |
| Short | Phoenix TSLA | 376.12 | 0.0404 | get 0.0050% / 1h | 51m 22s | $1.3M | $507K | 20x |
Binance TSLAUSDT
Phoenix TSLAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $69.14
- Price spread: +0.080% → +0.026%
- $5.44
- Slippage, 4 orders
- −$14.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $43.27
- Costs to cover
- 0.313%
- Break-even
- 2.6 days
Slippage from Binance: live order book, 7 min ago; Phoenix: 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, 7 min ago | 0.13 bp | 6.4 bp −$6 | 11.3 bp −$113 | 37.0 bp −$3,704 | doesn't fit |
| Sell Phoenix live order book, 2 min ago | 2.66 bp | 9.8 bp −$10 | 20.0 bp −$200 | 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 | −0.0294% | 4h | 375.73 | −0.024% | $397K | $1.0M | 10x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 375.97 | +0.040% | $10.2M | $15.2M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 376.03 | +0.056% | $11.2M | $16.8M | 25x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 376.02 | +0.054% | $2.3M | $3.3M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 376.00 | +0.048% | $17.3M | $22.9M | 100x | as long as short |
| GRVT TSLA_USDT_Perp | 0.0000% | 8h | 376.06 | +0.064% | $845K | $2.9M | 10x | as long as short |
| StandX TSLA-USD | 0.0000% | 1h | 375.98 | +0.043% | $200K | $921K | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 375.89 | +0.019% | $18K | $190K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 376.07 | +0.067% | $1.1M | $14K | 10x | as long as short |
| Aster TSLAUSDT | +0.0014% | 8h | 375.81 | −0.003% | $574K | $200K | 50x | as long as short |
edgeX TSLAUSDC
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
Gate TSLA_USDT
Bitget TSLAUSDT
GRVT TSLA_USDT_Perp
StandX TSLA-USD
Deribit TSLA_USDC-PERPETUAL
Phemex TSLAUSDT
Aster TSLAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps TSLAUSD | +0.0032% | 1h | 375.85 | +0.007% | $38K | $36K | 10x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 375.97 | +0.040% | $1.2M | $2.5M | 20x | as long as short |
| Lighter TSLA | +0.0040% | 1h | 375.99 | +0.046% | $805K | $3.7M | 20x | as long as short |
| Hotstuff TSLA-PERP | +0.0040% | 1h | 375.77 | −0.013% | $34K | — | 20x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 375.83 | +0.003% | $135K | $107K | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 376.08 | +0.070% | — | $125K | 25x | as long as short |
| QFEX TSLA-USD | +0.0048% | 1h | 376.02 | +0.054% | $1.2M | $6.2M | 10x | as long as short |
| BloFin TSLA-USDT | +0.0048% | 8h | 376.09 | +0.072% | $582K | $357K | 20x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 375.81 | −0.002% | $44.6M | $14.6M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 375.78 | −0.010% | $300K | $161K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 375.96 | +0.038% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 375.59 | −0.061% | $1.6M | $1.1M | 10x | as long as short |
| Variational Omni TSLA | +0.0057% | 8h | 375.99 | +0.046% | $1.8M | $1.3M | — | as long as short |
| Bullet TSLA-USD | +0.0064% | 1h | 376.09 | +0.072% | $6K | $92K | 10x | as long as short |
| Extended TSLA_24_5-USD | +0.0072% | 1h | 375.73 | −0.024% | $483K | $2.7M | 10x | as long as short |
| Binance TSLAUSDTlong | +0.0075% | 8h | 375.82 | long leg | $47.0M | $114.3M | 25x | |
| Pacifica TSLA | +0.0100% | 1h | 375.87 | +0.014% | $389K | $36K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 375.79 | −0.008% | $1.5M | $2.1M | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 375.86 | +0.011% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 375.76 | −0.016% | $41K | $23K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 376.02 | +0.053% | $745 | — | 10x | as long as short |
| Nado TSLA-PERP | +0.0156% | 1h | 375.86 | +0.011% | $498K | $116K | 20x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0160% | 1h | 375.85 | +0.008% | $508K | $355K | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 379.82 | +1.065% | $79K | $37K | 30x | as long as short |
| RISEx TSLA/USDC | +0.0290% | 1h | 376.06 | +0.064% | $215K | $653K | 20x | as long as short |
| Phoenix TSLAshort | +0.0404% | 1h | 376.12 | +0.080% | $1.3M | $507K | 20x |
Aftermath Perps TSLAUSD
Lighter RH TSLA
Lighter TSLA
Hotstuff TSLA-PERP
Arcus TSLA-USD
Vest TSLA-USD-PERP
QFEX TSLA-USD
BloFin TSLA-USDT
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
Variational Omni TSLA
Bullet TSLA-USD
Extended TSLA_24_5-USD
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
Nado TSLA-PERP
Coinbase International TSLA-PERP-INTX
Injective TSLA/USDC PERP
RISEx TSLA/USDC