Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.012%

Price spread now: Binance against Coinbase International+0.031%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 2 days (all we have)+0.299%+$30 · spread now +0.031%, 7d avg +0.103%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSLA-PERP-INTX	375.11	0.0128	pay 0.0016% / 1h	29m 51s	$529K	$332K	10x
Short	Binance TSLAUSDT	375.23	0	get 0.0000% / 8h	1h 29m	$46.9M	$109.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$26.88
Price spread: +0.031% → +0.103%: −$7.16
Slippage, 4 orders: −$9.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.04
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 53 min ago; Binance: live order book, 13 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 Coinbase International live order book, 53 min ago	2.80 bp	9.7 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.13 bp	5.6 bp −$6	8.6 bp −$86	27.8 bp −$2,783	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	−0.0752%	4h	375.18	+0.019%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0014%	8h	375.16	+0.013%	$569K	$340K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.25	+0.037%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.15	+0.009%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	375.23	+0.031%	$46.9M	$109.9M	25x
Bybit TSLAUSDT	0.0000%	8h	375.35	+0.064%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.17	+0.016%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.26	+0.041%	$175K	$529K	20x	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	375.15	+0.010%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.18	+0.019%	$199K	$898K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.06	−0.013%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.23	+0.032%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	375.12	+0.001%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.15	+0.011%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.18	+0.019%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.22	+0.029%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.06	−0.013%	$153K	$84K	10x	as long as short
Bullet TSLA-USD	+0.0043%	1h	375.19	+0.022%	$6K	$90K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.12	+0.003%	—	$133K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.01	−0.027%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.02	−0.024%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.00	−0.029%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.16	+0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.96	−0.040%	$1.6M	$1.0M	10x	as long as short
Nado TSLA-PERP	+0.0061%	1h	375.04	−0.020%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.98	−0.033%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.09	−0.005%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.016%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.03	−0.021%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.15	+0.011%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.28	+0.045%	$840K	$2.7M	10x	as long as short
Coinbase International TSLA-PERP-INTXlong	+0.0128%	1h	375.11	long leg	$529K	$332K	10x
Injective TSLA/USDC PERP	+0.0220%	1h	376.18	+0.285%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.37	+0.069%	$1.3M	$522K	20x	as long as short