Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against BloFin−0.122%45s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.242% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.122%, 7d avg −0.055%

Together, before fees+0.046%+$5 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 Polymarket Perps is 0.067% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSLA-USDT	378.20	0.0190	pay 0.0190% / 8h	5h 54m	$586K	$372K	20x
Short	Polymarket Perps TSLA-USD	377.74	0.0050	get 0.0006% / 1h	54m 32s	$301K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$29.3
Price spread: −0.122% → −0.055%: −$6.66
Slippage, 4 orders: −$4.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$60.17
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from BloFin: live order book, 54 min ago; Polymarket Perps: live order book, 55 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, 54 min ago	0.13 bp	7.5 bp −$7	10.2 bp −$102	20.8 bp −$2,078	doesn't fit
Sell Polymarket Perps live order book, 55 min ago	0.66 bp	5.0 bp −$5	8.0 bp −$80	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	377.59	−0.161%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0036%	4h	378.17	−0.009%	$399K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.04	−0.042%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.12	−0.021%	$11.3M	$15.5M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.07	−0.034%	$2.3M	$3.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.96	−0.063%	$17.3M	$24.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.11	−0.024%	$201K	$962K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.00	−0.053%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.03	−0.045%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	377.93	−0.071%	$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	377.95	−0.066%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.198%	$74K	$41K	30x	as long as short
Lighter TSLA	+0.0040%	1h	377.96	−0.063%	$808K	$3.6M	20x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.82	−0.100%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.04	−0.042%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.74	−0.122%	$44.8M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USDshort	+0.0050%	1h	377.74	−0.122%	$301K	$136K	10x
SoDEX TSLA-USD	+0.0050%	1h	378.08	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.70	−0.132%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	377.91	−0.077%	$1.3M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.81	−0.103%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.76	−0.116%	$1.4M	$3.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.01	−0.050%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.02	−0.048%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.18	−0.006%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.07	−0.299%	$518K	$384K	10x	as long as short
Bullet TSLA-USD	+0.0115%	1h	378.07	−0.034%	$5K	$93K	10x	as long as short
Aster TSLAUSDT	+0.0137%	8h	378.21	+0.003%	$576K	$200K	50x	as long as short
Nado TSLA-PERP	+0.0173%	1h	377.83	−0.098%	$501K	$99K	20x	as long as short
Variational Omni TSLA	+0.0174%	8h	378.13	−0.019%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDTlong	+0.0190%	8h	378.20	long leg	$586K	$372K	20x
Extended TSLA_24_5-USD	+0.0192%	1h	377.95	−0.067%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0195%	8h	378.07	−0.034%	$47.4M	$115.3M	25x	as long as short
Phoenix TSLA	+0.0297%	1h	378.34	+0.037%	$1.3M	$484K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.12	−0.022%	$229K	$656K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0560%	8h	378.35	+0.040%	$850K	$2.9M	10x	as long as short