Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bybit−0.095%47s7-day average −0.115% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days−0.132%−$13 · spread now −0.095%, 7d avg −0.115%

Together, before fees−0.035%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.115%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	377.03	0	get 0.0000% / 8h	6h 44m	$10.2M	$15.5M	100x
Short	Ondo Perps TSLA-USD.P	376.67	0.0050	get 0.0006% / 1h	44m 49s	$1.5M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.095%Rate

Funding earned: $10.58
Price spread: −0.095% → −0.115%: $1.99
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.43
Costs to cover: 0.160%
Break-even: 9.3 days

Slippage unknown: Bybit: live order book, 4 min ago; Ondo Perps: no order-book sample. 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 Bybit live order book, 4 min ago	0.26 bp	8.0 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0373%	4h	376.81	−0.058%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	−0.013%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	376.58	−0.119%	$512K	$327K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.92	−0.028%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.88	−0.039%	$479K	$10.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.94	−0.024%	$47.2M	$109.8M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	377.03	long leg	$10.2M	$15.5M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.93	−0.027%	$11.2M	$16.7M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.97	−0.016%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.96	−0.019%	$2.3M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.87	−0.042%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.96	−0.019%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.95	−0.021%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.92	−0.029%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.81	−0.058%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.92	−0.029%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.87	−0.043%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.84	−0.050%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.96	−0.019%	$829K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.98	−0.013%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.78	−0.066%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.92	−0.029%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.72	−0.082%	$44.3M	$14.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.72	−0.082%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.88	−0.040%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Pshort	+0.0050%	1h	376.67	−0.095%	$1.5M	$1.1M	10x
Hotstuff TSLA-PERP	+0.0064%	1h	376.66	−0.098%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0094%	1h	376.83	−0.052%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.73	−0.080%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.61	−0.111%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.85	−0.048%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.79	−0.064%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.83	−0.054%	$746	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0111%	8h	377.00	−0.009%	$853K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.60	+0.151%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.83	−0.053%	$1.3M	$539K	20x	as long as short