Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0257%/8h= +28.2% APRpaid last 24h +0.014%

Price spread now: RISEx against Bybit+0.025%7-day average −0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.025%, 7d avg −0.003%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.025% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.64	0	get 0.0000% / 8h	35m 43s	$10.2M	$15.3M	100x
Short	RISEx TSLA/USDC	376.74	0.0257	get 0.0032% / 1h	35m 43s	$215K	$651K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.025%Rate

Funding earned: $54
Price spread: +0.025% → −0.003%: $2.85
Slippage, 4 orders: −$7.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $32.79
Costs to cover: 0.241%
Break-even: 2.7 days

Slippage from Bybit: live order book, 3 min ago; RISEx: live order book, 3 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	0.53 bp	7.4 bp −$7	11.3 bp −$113	152.6 bp −$15.3K	doesn't fit
Sell RISEx live order book, 3 min ago	1.86 bp	4.9 bp −$5	5.3 bp −$53	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
edgeX TSLAUSDC	−0.0142%	4h	376.58	−0.015%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.44	−0.053%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.41	−0.062%	$575K	$200K	50x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.64	long leg	$10.2M	$15.3M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.64	0.000%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.68	+0.011%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.60	−0.011%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.064%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.67	+0.008%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	376.51	−0.033%	$38K	$37K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.59	−0.013%	$1.3M	$2.5M	20x	as long as short
Variational Omni TSLA	+0.0036%	8h	376.58	−0.016%	$1.9M	$1.3M	—	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.47	−0.045%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.57	−0.019%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.41	−0.061%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.49	−0.040%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.58	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.27	−0.098%	$1.6M	$1.1M	10x	as long as short
BloFin TSLA-USDT	+0.0060%	8h	376.76	+0.032%	$577K	$356K	20x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	376.59	−0.012%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0066%	8h	376.70	+0.016%	$47.1M	$113.5M	25x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.63	−0.003%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.30	−0.091%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.43	−0.056%	$1.5M	$335K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.082%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.58	−0.016%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.66	+0.006%	$746	—	10x	as long as short
Lighter TSLA	+0.0168%	1h	376.62	−0.005%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.252%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.839%	$79K	$36K	30x	as long as short
RISEx TSLA/USDCshort	+0.0257%	1h	376.74	+0.025%	$215K	$651K	20x
Bullet TSLA-USD	+0.0267%	1h	376.70	+0.017%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0278%	8h	376.78	+0.037%	$851K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.42	−0.058%	$489K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0361%	1h	376.57	−0.019%	$18K	$195K	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.87	+0.061%	$1.3M	$525K	20x	as long as short