Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Bybit+0.008%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.008%, 7d avg −0.020%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.028% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	374.94	0	get 0.0000% / 8h	7h 31m	$10.2M	$15.3M	100x
Short	Phemex TSLAUSDT	374.97	0	get 0.0000% / 4h	3h 31m	$1.1M	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.020%: $2.85
Slippage, 4 orders: −$57.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.35
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Phemex: 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, 2 min ago	0.67 bp	8.8 bp −$9	13.6 bp −$136	159.8 bp −$16.0K	doesn't fit
Sell Phemex live order book, 1 min ago	1.47 bp	28.9 bp −$29	doesn't fit	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	374.79	−0.040%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0256%	4h	375.19	+0.068%	$396K	$1.1M	10x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	374.94	long leg	$10.2M	$15.3M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	374.88	−0.016%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.13	+0.051%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	374.82	−0.032%	$17.2M	$23.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.17	+0.061%	$199K	$940K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	374.97	+0.008%	$1.1M	$15K	10x
Aster TSLAUSDT	+0.0001%	8h	375.22	+0.075%	$573K	$200K	50x	as long as short
GRVT TSLA_USDT_Perp	+0.0013%	8h	375.49	+0.147%	$842K	$2.9M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	+0.0017%	1h	374.74	−0.053%	$18K	$191K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.19	+0.066%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.04	+0.027%	$803K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.04	+0.027%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	374.93	−0.003%	$134K	$107K	10x	as long as short
Variational Omni TSLA	+0.0042%	8h	375.42	+0.129%	$1.8M	$1.3M	—	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.15	+0.056%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.07	+0.035%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.79	−0.040%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.85	−0.024%	$299K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	374.86	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.79	−0.040%	$1.5M	$1.1M	10x	as long as short
Extended TSLA_24_5-USD	+0.0056%	1h	374.98	+0.010%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0058%	8h	375.17	+0.061%	$47.1M	$114.9M	25x	as long as short
Bullet TSLA-USD	+0.0061%	1h	375.17	+0.061%	$6K	$92K	10x	as long as short
BloFin TSLA-USDT	+0.0085%	8h	375.08	+0.037%	$580K	$358K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.89	−0.014%	$388K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.07	+0.035%	$1.5M	$2.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.14	+0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.97	+0.008%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	374.86	−0.021%	$742	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.16	+0.059%	$505K	$362K	10x	as long as short
Nado TSLA-PERP	+0.0162%	1h	374.95	+0.003%	$497K	$117K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.254%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.23	+0.077%	$214K	$655K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.57	+0.168%	$1.3M	$507K	20x	as long as short