Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%

Price spread now: Phemex against Bullet−0.032%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 Phemex

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.032% cheaper against Bullet than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TSLA-USD	375.74	0	get 0.0000% / 1h	20m 13s	$5K	$90K	10x
Short	Phemex TSLAUSDT	375.62	0	get 0.0000% / 4h	20m 13s	$1.1M	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → 0.000%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$23.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Phemex: live order book, 2 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 Phemex live order book, 2 min ago	0.93 bp	36.8 bp −$37	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	−0.0424%	4h	375.55	−0.051%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.54	−0.054%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.65	−0.025%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.72	−0.006%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.86	+0.032%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.71	−0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.71	−0.008%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.57	−0.046%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.67	−0.018%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.70	−0.011%	$199K	$893K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USDlong	0.0000%	1h	375.74	long leg	$5K	$90K	10x
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.60	−0.038%	$20K	$187K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	375.62	−0.032%	$1.1M	$13K	10x
BloFin TSLA-USDT	0.0000%	8h	375.72	−0.006%	$569K	$341K	20x	as long as short
Hotstuff TSLA-PERP	+0.0008%	1h	375.42	−0.086%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.52	−0.059%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.62	−0.032%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.67	−0.019%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.70	−0.011%	$1.2M	$2.6M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.64	−0.027%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.46	−0.075%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.58	−0.043%	$297K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.64	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.54	−0.054%	$1.6M	$1.0M	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.50	−0.064%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.78	+0.010%	$255K	$577K	20x	as long as short
Nado TSLA-PERP	+0.0093%	1h	375.55	−0.051%	$492K	$110K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.66	−0.022%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.50	−0.064%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.51	−0.062%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.50	−0.064%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.66	−0.021%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.168%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0144%	8h	375.68	−0.017%	$845K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.62	+0.234%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.59	−0.040%	$1.3M	$547K	20x	as long as short