Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h 0.000%

Price spread now: QFEX against Binance−0.045%7-day average −0.048% · 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−$250.250% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.045%, 7d avg −0.048%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, 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	376.67	0	get 0.0000% / 8h	4h 22m	$47.3M	$111.2M	25x
Short	QFEX TSLA-USD	376.50	0.0038	get 0.0005% / 1h	22m 54s	$1.2M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $8.08
Price spread: −0.045% → −0.048%: $0.27
Slippage, 4 orders: −$5.04
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.69
Costs to cover: 0.250%
Break-even: 21.5 days

Slippage from Binance: live order book, 5 min ago; QFEX: 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, 5 min ago	0.13 bp	5.4 bp −$5	7.6 bp −$76	24.0 bp −$2,402	doesn't fit
Sell QFEX live order book, 6 min ago	1.86 bp	6.9 bp −$7	7.1 bp −$71	12.6 bp −$1,261	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	−0.0441%	4h	376.57	−0.027%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0104%	1h	376.27	−0.106%	$34K	—	20x	as long as short
BloFin TSLA-USDT	−0.0003%	8h	376.63	−0.011%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.68	+0.001%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.58	−0.023%	$481K	$4.0M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.67	long leg	$47.3M	$111.2M	25x
Bybit TSLAUSDT	0.0000%	8h	376.69	+0.005%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.60	−0.019%	$11.3M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.55	−0.032%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.58	−0.024%	$17.0M	$23.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.55	−0.033%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.58	−0.024%	$200K	$905K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	−0.003%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	376.52	−0.041%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.62	−0.013%	$815K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	−0.013%	$1.2M	$2.6M	20x	as long as short
QFEX TSLA-USDshort	+0.0038%	1h	376.50	−0.045%	$1.2M	$6.5M	10x
Arcus TSLA-USD	+0.0040%	1h	376.43	−0.064%	$140K	$96K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.54	−0.035%	$20K	$188K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.48	−0.050%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.37	−0.080%	$44.3M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.39	−0.074%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.55	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.25	−0.112%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0052%	8h	376.74	+0.018%	$845K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0054%	1h	376.60	−0.018%	$5K	$92K	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.058%	$512K	$330K	10x	as long as short
Gate TSLA_USDT	+0.0082%	8h	376.58	−0.024%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.34	−0.088%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.54	−0.035%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.40	−0.072%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.49	−0.048%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.51	−0.043%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.34	−0.088%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.271%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.64	−0.008%	$1.3M	$539K	20x	as long as short