Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.006%

Price spread now: Deribit against BloFin−0.064%7-day average −0.029% · 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−$32as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.064%, 7d avg −0.029%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.029%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSLA-USDT	377.94	0.0151	pay 0.0151% / 8h	5h 08m	$591K	$375K	20x
Short	Deribit TSLA_USDC-PERPETUAL	377.70	0.0015	get 0.0002% / 1h	8m 24s	$18K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$28.66
Price spread: −0.064% → −0.029%: −$3.42
Slippage, 4 orders: −$10.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.13
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; Deribit: live order book, 38 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 BloFin live order book, 36 min ago	0.40 bp	7.0 bp −$7	10.0 bp −$100	24.5 bp −$2,455	doesn't fit
Sell Deribit live order book, 38 min ago	0.13 bp	10.7 bp −$11	12.0 bp −$120	doesn't fit	doesn't fit

TSLA on 36 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	377.55	−0.103%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0369%	4h	377.87	−0.020%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.97	+0.008%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.81	−0.034%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.86	−0.021%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.78	−0.042%	$17.3M	$24.4M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	377.68	−0.069%	$200K	$990K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.91	−0.008%	$1.1M	$14K	10x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0015%	1h	377.70	−0.064%	$18K	$188K	10x
Aftermath Perps TSLAUSD	+0.0023%	1h	377.73	−0.057%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	377.83	−0.029%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.130%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.69	−0.066%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.79	−0.040%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.49	−0.119%	$44.7M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.67	−0.071%	$301K	$134K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.81	−0.034%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.58	−0.095%	$1.6M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	377.72	−0.058%	$1.2M	$6.3M	10x	as long as short
Lighter TSLA	+0.0088%	1h	377.86	−0.021%	$812K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.78	−0.042%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.60	−0.090%	$1.4M	$4.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.70	−0.064%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.65	−0.077%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.84	−0.027%	$748	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.013%	$519K	$384K	10x	as long as short
Aster TSLAUSDT	+0.0125%	8h	378.05	+0.029%	$576K	$200K	50x	as long as short
BloFin TSLA-USDTlong	+0.0151%	8h	377.94	long leg	$591K	$375K	20x
Variational Omni TSLA	+0.0154%	8h	377.86	−0.022%	$1.7M	$1.5M	—	as long as short
Bullet TSLA-USD	+0.0174%	1h	377.81	−0.033%	$5K	$94K	10x	as long as short
Binance TSLAUSDT	+0.0180%	8h	377.87	−0.019%	$47.4M	$114.9M	25x	as long as short
Extended TSLA_24_5-USD	+0.0184%	1h	377.84	−0.026%	$483K	$2.7M	10x	as long as short
Nado TSLA-PERP	+0.0200%	1h	377.68	−0.069%	$501K	$99K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	377.93	−0.004%	$229K	$633K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.24	+0.079%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0417%	8h	378.04	+0.025%	$848K	$2.9M	10x	as long as short