Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.012%

Price spread now: QFEX against Bybit−0.050%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.050%, 7d avg −0.054%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	377.08	0	get 0.0000% / 8h	20m 29s	$10.2M	$15.3M	100x
Short	QFEX TSLA-USD	376.89	0.0067	get 0.0008% / 1h	20m 29s	$1.2M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $14.06
Price spread: −0.050% → −0.054%: $0.34
Slippage, 4 orders: −$7.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.32
Costs to cover: 0.287%
Break-even: 14.1 days

Slippage from Bybit: live order book, 3 min ago; QFEX: live order book, 8 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, 3 min ago	0.80 bp	7.6 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.59 bp	6.6 bp −$7	6.8 bp −$68	13.3 bp −$1,332	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	−0.0659%	4h	376.39	−0.182%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	377.08	long leg	$10.2M	$15.3M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	377.00	−0.021%	$11.3M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.88	−0.053%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.87	−0.056%	$17.2M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.37	−0.188%	$200K	$920K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.70	−0.101%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0015%	8h	376.79	−0.078%	$575K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.85	−0.061%	$1.3M	$2.5M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.47	−0.161%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.36	−0.191%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.87	−0.056%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.72	−0.095%	$44.7M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.22	−0.228%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.45	−0.167%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.21	−0.231%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0053%	8h	376.60	−0.128%	$1.9M	$1.3M	—	as long as short
QFEX TSLA-USDshort	+0.0067%	1h	376.89	−0.050%	$1.2M	$6.1M	10x
Extended TSLA_24_5-USD	+0.0080%	1h	376.87	−0.056%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0080%	8h	376.86	−0.058%	$47.2M	$113.8M	25x	as long as short
Pacifica TSLA	+0.0100%	1h	376.67	−0.109%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.76	−0.085%	$1.5M	$1.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.13	−0.252%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.60	−0.127%	$41K	$23K	20x	as long as short
BloFin TSLA-USDT	+0.0102%	8h	376.79	−0.077%	$581K	$355K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.65	−0.113%	$746	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	376.11	−0.257%	$34K	—	20x	as long as short
Lighter TSLA	+0.0160%	1h	376.89	−0.050%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.369%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.721%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0228%	1h	376.70	−0.101%	$18K	$195K	10x	as long as short
Bullet TSLA-USD	+0.0256%	1h	376.33	−0.199%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	377.02	−0.015%	$215K	$651K	20x	as long as short
Nado TSLA-PERP	+0.0279%	1h	376.93	−0.040%	$490K	$111K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0291%	8h	376.64	−0.117%	$856K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.43	−0.172%	$1.3M	$525K	20x	as long as short