Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.023%

Price spread now: Coinbase International against Bybit0.000%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 3 days (all we have)−0.110%−$11 · spread now 0.000%, 7d avg −0.123%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.123% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	375.11	0	get 0.0000% / 8h	2h 12m	$10.2M	$15.6M	100x
Short	Coinbase International TSLA-PERP-INTX	375.11	0.0136	get 0.0017% / 1h	12m 34s	$529K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: $28.56
Price spread: 0.000% → −0.123%: $12.28
Slippage, 4 orders: −$14.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.11
Costs to cover: 0.357%
Break-even: 5.7 days

Slippage from Bybit: live order book, 6 min ago; Coinbase International: live order book, 11 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, 6 min ago	0.80 bp	8.1 bp −$8	14.9 bp −$149	doesn't fit	doesn't fit
Sell Coinbase International live order book, 11 min ago	2.80 bp	9.1 bp −$9	12.7 bp −$127	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	−0.0314%	4h	375.15	+0.010%	$397K	$1.0M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	−0.0123%	1h	374.89	−0.059%	$20K	$185K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.08	−0.008%	$587K	$188K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.15	+0.010%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.18	+0.019%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	375.11	long leg	$10.2M	$15.6M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.14	+0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.18	+0.019%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.11	0.000%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.17	+0.015%	$1.8M	$1.1M	—	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	375.17	+0.016%	$199K	$897K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.18	+0.018%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.15	+0.011%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERP	+0.0001%	1h	374.96	−0.039%	$484K	$90K	20x	as long as short
BloFin TSLA-USDT	+0.0006%	8h	375.16	+0.013%	$571K	$339K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.024%	$38K	$49K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.12	+0.003%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.17	+0.016%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.12	+0.003%	—	$133K	25x	as long as short
QFEX TSLA-USD	+0.0046%	1h	375.04	−0.019%	$1.2M	$7.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	374.90	−0.056%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.91	−0.053%	$43.5M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.95	−0.043%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.12	+0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.92	−0.051%	$1.6M	$1.0M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.06	−0.014%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.00	−0.029%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	374.99	−0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.94	−0.045%	$41K	$20K	20x	as long as short
RISEx TSLA/USDC	+0.0103%	1h	375.21	+0.026%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.15	+0.011%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.21	+0.028%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0136%	1h	375.11	0.000%	$529K	$332K	10x
Arcus TSLA-USD	+0.0188%	1h	375.03	−0.021%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.11	+0.267%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0384%	1h	375.29	+0.048%	$1.3M	$458K	20x	as long as short