Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bybit−0.024%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.024%, 7d avg −0.048%

Together, before fees+0.045%+ Points / potential airdropLighter RH: Points live · farm board+$5 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 Lighter RH is 0.024% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	377.10	0	get 0.0000% / 8h	5h 03m	$10.3M	$15.4M	100x
Short	Lighter RH TSLA	377.01	0.0032	get 0.0004% / 1h	3m 33s	$1.2M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.72
Price spread: −0.024% → −0.048%: $2.4
Slippage, 4 orders: −$7.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.52
Costs to cover: 0.186%
Break-even: 16.9 days

Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago	0.40 bp	7.2 bp −$7	10.6 bp −$106	150.9 bp −$15.1K	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.86 bp	2.1 bp −$2	3.2 bp −$32	40.0 bp −$4,002	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	−0.0616%	4h	377.12	+0.004%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0013%	8h	377.19	+0.024%	$577K	$354K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.16	+0.016%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.96	−0.038%	$484K	$5.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.07	−0.009%	$47.4M	$110.9M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	377.10	long leg	$10.3M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	377.00	−0.027%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.08	−0.005%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.00	−0.027%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.03	−0.018%	$1.9M	$1.4M	—	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	377.18	+0.021%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.86	−0.064%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	−0.016%	$513K	$331K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.12	+0.005%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	377.08	−0.006%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.07	−0.008%	$1.2M	$6.5M	10x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	377.01	−0.024%	$1.2M	$2.6M	20x
Arcus TSLA-USD	+0.0040%	1h	376.92	−0.048%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.08	−0.005%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.76	−0.090%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.97	−0.034%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.98	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.82	−0.074%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0056%	1h	377.02	−0.021%	$819K	$3.6M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0061%	8h	377.26	+0.043%	$846K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	376.74	−0.095%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0098%	1h	377.08	−0.005%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.87	−0.061%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.96	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.96	−0.037%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.01	−0.024%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.01	−0.025%	$746	—	10x	as long as short
Gate TSLA_USDT	+0.0128%	8h	377.09	−0.003%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0190%	1h	376.98	−0.031%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.281%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.09	−0.003%	$1.3M	$539K	20x	as long as short