Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: Polymarket Perps against Bybit−0.040%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

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

costs, in and out, $10k−$280.281% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days−0.058%−$6 · spread now −0.040%, 7d avg −0.094%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.054% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.094%.

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 11m	$10.2M	$15.6M	100x
Short	Polymarket Perps TSLA-USD	374.96	0.0050	get 0.0006% / 1h	11m 06s	$297K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: $10.5
Price spread: −0.040% → −0.094%: $5.36
Slippage, 4 orders: −$9.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.21
Costs to cover: 0.281%
Break-even: 15.1 days

Slippage from Bybit: live order book, 7 min ago; Polymarket Perps: 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, 7 min ago	0.80 bp	8.1 bp −$8	14.9 bp −$149	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	0.53 bp	6.4 bp −$6	6.9 bp −$69	10.3 bp −$1,028	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	−0.0150%	1h	374.89	−0.059%	$20K	$185K	10x	as long as short
BloFin TSLA-USDT	−0.0009%	8h	375.18	+0.019%	$571K	$339K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	0.000%	$587K	$188K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.14	+0.009%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.19	+0.021%	$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	375.13	+0.005%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	+0.024%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.12	+0.003%	$16.6M	$22.5M	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	375.17	+0.015%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.17	+0.016%	$199K	$897K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.20	+0.024%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.16	+0.013%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERP	+0.0001%	1h	374.97	−0.038%	$484K	$90K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.024%	$38K	$50K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.14	+0.008%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.18	+0.019%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.10	−0.003%	—	$133K	25x	as long as short
QFEX TSLA-USD	+0.0046%	1h	375.14	+0.008%	$1.2M	$7.1M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.90	−0.056%	$43.5M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USDshort	+0.0050%	1h	374.96	−0.040%	$297K	$292K	10x
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
Hotstuff TSLA-PERP	+0.0072%	1h	374.91	−0.053%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.05	−0.015%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.02	−0.024%	$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	374.95	−0.043%	$41K	$20K	20x	as long as short
RISEx TSLA/USDC	+0.0103%	1h	375.22	+0.029%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.06	−0.012%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.22	+0.030%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	0.000%	$529K	$332K	10x	as long as short
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	375.22	+0.029%	$1.3M	$458K	20x	as long as short