Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.008%

Price spread now: KuCoin against Bullet−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.048% cheaper against Bullet than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TSLA-USD	376.31	0.0418	pay 0.0052% / 1h	52m 14s	$5K	$91K	10x
Short	KuCoin TSLAUSDTM	376.13	0.0100	get 0.0100% / 8h	7h 52m	$1.5M	$158K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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 BulletbpFee KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$66.7
Price spread: −0.048% → 0.000%: −$4.78
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$91.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

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 Bullet no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	2.66 bp	77.5 bp −$77	doesn't fit	doesn't fit	doesn't fit

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.085%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	376.27	−0.011%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.14	−0.046%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.23	−0.020%	$477K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.30	−0.003%	$47.0M	$109.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.31	0.000%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.28	−0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.29	−0.005%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	−0.029%	$16.8M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.11	−0.052%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	376.11	−0.054%	$849K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	376.28	−0.008%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.15	−0.043%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.24	−0.019%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.87	−0.118%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.13	−0.048%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.24	−0.019%	$654K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.30	−0.003%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.97	−0.090%	$165K	$91K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.25	−0.016%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.319%	$529K	$318K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.88	−0.114%	$1.6M	$1.0M	10x	as long as short
SoDEX TSLA-USD	+0.0067%	1h	376.21	−0.027%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.31	−0.001%	$291K	$597K	20x	as long as short
Polymarket Perps TSLA-USD	+0.0090%	1h	376.09	−0.058%	$298K	$308K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.96	−0.094%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTMshort	+0.0100%	8h	376.13	−0.048%	$1.5M	$158K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	375.67	−0.170%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.29	−0.005%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.17	−0.037%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0127%	1h	376.08	−0.061%	$491K	$111K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.75	+0.117%	$78K	$36K	30x	as long as short
tradeXYZ xyz:TSLA	+0.0235%	1h	376.09	−0.058%	$44.3M	$14.3M	20x	as long as short
Phoenix TSLA	+0.0277%	1h	376.06	−0.066%	$1.3M	$547K	20x	as long as short
Bullet TSLA-USDlong	+0.0418%	1h	376.31	long leg	$5K	$91K	10x
Hotstuff TSLA-PERP	+0.0528%	1h	376.00	−0.082%	$34K	—	20x	as long as short