Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.024%

Price spread now: Phemex against Coinbase International+0.088%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.088%, 7d avg +0.105%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSLA-PERP-INTX	376.58	−0.0016	get 0.0002% / 1h	45m 53s	$512K	$327K	10x
Short	Phemex TSLAUSDT	376.91	0	get 0.0000% / 4h	2h 45m	$1.1M	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.088%Rate

Funding earned: $3.36
Price spread: +0.088% → +0.105%: −$1.7
Slippage, 4 orders: −$56.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$76.43
Costs to cover: 0.781%
Break-even: 166.2 days

Slippage from Coinbase International: live order book, 22 min ago; Phemex: 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, 22 min ago	2.26 bp	7.7 bp −$8	10.0 bp −$100	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.99 bp	31.5 bp −$32	doesn't fit	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	−0.0453%	4h	376.90	+0.085%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.67	+0.024%	$34K	—	20x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	+0.106%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTXlong	−0.0016%	1h	376.58	long leg	$512K	$327K	10x
Aster TSLAUSDT	0.0000%	8h	376.90	+0.084%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.82	+0.065%	$481K	$10.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.92	+0.090%	$47.2M	$109.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.98	+0.106%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.92	+0.090%	$11.2M	$16.7M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.03	+0.119%	$292K	$598K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	0.0000%	8h	376.92	+0.090%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.85	+0.072%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.96	+0.100%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.88	+0.080%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.96	+0.101%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.82	+0.064%	$20K	$187K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.91	+0.088%	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	376.85	+0.071%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.92	+0.090%	$1.2M	$6.8M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.93	+0.093%	$829K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.97	+0.104%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.80	+0.058%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.96	+0.101%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.66	+0.021%	$44.3M	$14.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.80	+0.058%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.85	+0.072%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.55	−0.008%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0094%	1h	376.91	+0.088%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.82	+0.064%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.57	−0.003%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.76	+0.048%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.87	+0.077%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.85	+0.072%	$746	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0111%	8h	377.00	+0.111%	$853K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.49	+0.242%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.30	+0.191%	$1.3M	$539K	20x	as long as short