Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0995%/8h= −109.0% APRpaid last 24h −0.195%

Price spread now: edgeX against Bybit−0.044%81s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as 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−$340.340% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.044%, 7d avg −0.044%

Together, before fees−0.075%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.50	0	get 0.0000% / 8h	3h 28m	$10.3M	$15.4M	100x
Short	edgeX TSLAUSDC	376.34	−0.0995	pay 0.0498% / 4h	3h 28m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$208.99
Price spread: −0.044% → −0.044%: $0.05
Slippage, 4 orders: −$14.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$242.95
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; edgeX: live order book, 1 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, just now	0.93 bp	8.4 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	4.38 bp	9.2 bp −$9	12.1 bp −$121	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 TSLAUSDCshort	−0.0995%	4h	376.34	−0.044%	$398K	$1.0M	10x
BloFin TSLA-USDT	−0.0012%	8h	376.42	−0.021%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.68	+0.047%	$577K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.44	−0.016%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.57	+0.020%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.50	long leg	$10.3M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.50	0.000%	$11.3M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.58	+0.021%	$290K	$580K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.10	−0.106%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.48	−0.005%	$17.1M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.40	−0.027%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.50	0.000%	$200K	$894K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.48	−0.005%	$1.1M	$14K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.38	−0.032%	$18K	$192K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	376.15	−0.092%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0028%	8h	376.56	+0.016%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.52	+0.005%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.51	+0.003%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.12	−0.101%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.40	−0.027%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.27	−0.061%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.28	−0.058%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.45	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.22	−0.074%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0072%	1h	376.54	+0.011%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.098%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0093%	8h	376.44	−0.016%	$855K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.25	−0.066%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.36	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.15	−0.093%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.54	+0.011%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.49	−0.004%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0128%	1h	376.51	+0.003%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.340%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0226%	1h	376.35	−0.040%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.29	−0.056%	$1.3M	$540K	20x	as long as short