Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0337%/8h= +36.8% APRpaid last 24h +0.088%

Price spread now: Phoenix against BloFin−0.090%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.469%+$47 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.090%, 7d avg +0.029%

Together, before fees+0.608%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.120% cheaper against BloFin than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.029%). If the spread goes back, that is −$12 on $10k: about 28 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSLA-USDT	376.10	0.0026	pay 0.0026% / 8h	7h 54m	$568K	$341K	20x
Short	Phoenix TSLA	375.76	0.0362	get 0.0045% / 1h	54m 36s	$1.3M	$547K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.090%Rate

Funding earned: $70.67
Price spread: −0.090% → +0.029%: −$11.99
Slippage, 4 orders: −$17.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $22.56
Costs to cover: 0.361%
Break-even: 4.8 days

Slippage from BloFin: live order book, 17 min ago; Phoenix: live order book, 4 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, 17 min ago	0.13 bp	7.9 bp −$8	9.3 bp −$93	18.8 bp −$1,878	doesn't fit
Sell Phoenix live order book, 4 min ago	3.46 bp	11.0 bp −$11	23.0 bp −$230	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	−0.0837%	4h	375.99	−0.029%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.04	−0.015%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.14	+0.010%	$478K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.20	+0.026%	$46.9M	$109.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.27	+0.045%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.19	+0.024%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.12	+0.005%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.08	−0.005%	$16.8M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.11	+0.004%	$1.9M	$1.3M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	376.11	+0.002%	$849K	$2.8M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.06	−0.011%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.91	−0.051%	$20K	$185K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.03	−0.019%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.68	−0.112%	$38K	$47K	10x	as long as short
BloFin TSLA-USDTlong	+0.0026%	8h	376.10	long leg	$568K	$341K	20x
QFEX TSLA-USD	+0.0028%	1h	376.13	+0.008%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.16	+0.016%	$653K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.19	+0.024%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.86	−0.064%	$165K	$91K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.00	−0.027%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.263%	$529K	$319K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.88	−0.058%	$1.6M	$1.0M	10x	as long as short
SoDEX TSLA-USD	+0.0054%	1h	376.01	−0.024%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.21	+0.029%	$291K	$597K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.74	−0.096%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.96	−0.037%	$1.5M	$158K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.67	−0.114%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.03	−0.019%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.73	−0.099%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0119%	1h	375.92	−0.047%	$491K	$111K	20x	as long as short
Polymarket Perps TSLA-USD	+0.0207%	1h	375.73	−0.098%	$298K	$308K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.72	+0.165%	$78K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0362%	1h	375.76	−0.090%	$1.3M	$547K	20x
Hotstuff TSLA-PERP	+0.0368%	1h	375.73	−0.098%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0417%	1h	375.76	−0.090%	$44.2M	$14.3M	20x	as long as short
Bullet TSLA-USD	+0.0576%	1h	375.94	−0.042%	$5K	$91K	10x	as long as short