Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.054%

Price spread now: Arcus against Bybit−0.056%7-day average −0.090% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.056%, 7d avg −0.090%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.86	0	get 0.0000% / 8h	7h 02m	$10.1M	$15.1M	100x
Short	Arcus TSLA-USD	376.65	0.0040	get 0.0005% / 1h	2m 37s	$135K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.056%Rate

Funding earned: $8.46
Price spread: −0.056% → −0.090%: $3.42
Slippage, 4 orders: −$14.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.51
Costs to cover: 0.304%
Break-even: 22.3 days

Slippage from Bybit: live order book, 1 min ago; Arcus: live order book, 30 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 Bybit live order book, 1 min ago	0.13 bp	7.9 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	4.27 bp	6.8 bp −$7	8.3 bp −$83	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
Hotstuff TSLA-PERP	−0.1600%	1h	376.58	−0.074%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0354%	4h	376.72	−0.036%	$397K	$1.1M	10x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.86	long leg	$10.1M	$15.1M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.87	+0.003%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.86	0.000%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.78	−0.021%	$17.3M	$23.6M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.122%	$200K	$966K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.81	−0.013%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	376.37	−0.130%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.78	−0.021%	$805K	$3.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.77	−0.024%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USDshort	+0.0040%	1h	376.65	−0.056%	$135K	$106K	10x
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.67	−0.050%	$18K	$192K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.63	−0.061%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.81	−0.013%	$1.3M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.57	−0.077%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.63	−0.061%	$301K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.76	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.42	−0.117%	$1.6M	$1.1M	10x	as long as short
Aster TSLAUSDT	+0.0056%	8h	376.81	−0.013%	$575K	$189K	50x	as long as short
Variational Omni TSLA	+0.0082%	8h	376.70	−0.042%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0098%	8h	376.93	+0.019%	$578K	$365K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.53	−0.087%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.58	−0.074%	$1.5M	$2.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.34	−0.138%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.66	−0.053%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.79	−0.020%	$746	—	10x	as long as short
Extended TSLA_24_5-USD	+0.0112%	1h	376.81	−0.013%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0114%	8h	376.91	+0.013%	$47.3M	$115.2M	25x	as long as short
Bullet TSLA-USD	+0.0130%	1h	376.80	−0.016%	$6K	$93K	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	376.36	−0.133%	$508K	$365K	10x	as long as short
Nado TSLA-PERP	+0.0202%	1h	376.49	−0.097%	$499K	$111K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.42	+0.679%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	376.73	−0.034%	$215K	$652K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.79	−0.019%	$1.3M	$507K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0548%	8h	376.76	−0.027%	$845K	$2.9M	10x	as long as short