Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.025%

Price spread now: OKX against Coinbase International+0.077%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.077%, 7d avg +0.107%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.107%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSLA-PERP-INTX	377.89	0.0112	pay 0.0014% / 1h	53m 57s	$519K	$386K	10x
Short	OKX TSLA-USDT-SWAP	378.18	0	get 0.0000% / 8h	5h 53m	$11.3M	$15.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$23.52
Price spread: +0.077% → +0.107%: −$3.02
Slippage, 4 orders: −$12.69
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.23
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 57 min ago; OKX: live order book, 2 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, 57 min ago	2.13 bp	8.5 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.40 bp	7.1 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit

TSLA on 36 exchanges

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	377.59	−0.079%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0036%	4h	378.17	+0.073%	$399K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.11	+0.058%	$10.2M	$14.1M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	378.18	+0.077%	$11.3M	$15.5M	25x
Gate TSLA_USDT	0.0000%	8h	378.17	+0.074%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.07	+0.048%	$17.3M	$24.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.11	+0.058%	$201K	$962K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.84	−0.013%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.96	+0.019%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	377.90	+0.001%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	378.01	+0.032%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.116%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.82	−0.019%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.04	+0.040%	—	$126K	25x	as long as short
Lighter TSLA	+0.0048%	1h	378.00	+0.029%	$808K	$3.6M	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.73	−0.042%	$44.8M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.74	−0.040%	$301K	$136K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.97	+0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.70	−0.050%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	377.91	+0.005%	$1.3M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.81	−0.021%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.76	−0.034%	$1.4M	$3.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.01	+0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.98	+0.024%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.00	+0.029%	$748	—	10x	as long as short
Coinbase International TSLA-PERP-INTXlong	+0.0112%	1h	377.89	long leg	$519K	$386K	10x
Bullet TSLA-USD	+0.0115%	1h	378.07	+0.048%	$5K	$93K	10x	as long as short
Aster TSLAUSDT	+0.0137%	8h	378.25	+0.095%	$576K	$200K	50x	as long as short
Nado TSLA-PERP	+0.0173%	1h	377.83	−0.016%	$501K	$99K	20x	as long as short
Variational Omni TSLA	+0.0174%	8h	378.13	+0.063%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0190%	8h	378.20	+0.082%	$586K	$372K	20x	as long as short
Extended TSLA_24_5-USD	+0.0192%	1h	377.99	+0.026%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0195%	8h	378.14	+0.065%	$47.5M	$115.3M	25x	as long as short
Phoenix TSLA	+0.0297%	1h	378.34	+0.119%	$1.3M	$484K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.12	+0.060%	$229K	$656K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0560%	8h	378.35	+0.122%	$850K	$2.9M	10x	as long as short