Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.007%

Price spread now: Binance against Deribit+0.066%7-day average +0.024% · 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−$22as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.066%, 7d avg +0.024%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.042% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 5 days funding on this pair cost −0.167%, 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	Deribit TSLA_USDC-PERPETUAL	375.98	0	get 0.0000% / 1h	48m 39s	$18K	$190K	10x
Short	Binance TSLAUSDT	376.23	0.0075	get 0.0075% / 8h	7h 48m	$47.1M	$114.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.066%Rate

Funding earned: $15.73
Price spread: +0.066% → +0.024%: $4.19
Slippage, 4 orders: −$9.63
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.71
Costs to cover: 0.266%
Break-even: 10.0 days

Slippage from Deribit: live order book, 50 min ago; Binance: live order book, 9 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 Deribit live order book, 50 min ago	3.98 bp	7.5 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.13 bp	5.3 bp −$5	9.9 bp −$99	31.4 bp −$3,142	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	−0.0294%	4h	375.73	−0.067%	$397K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0176%	1h	375.65	−0.088%	$34K	—	20x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.16	+0.048%	$10.2M	$15.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.16	+0.048%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.09	+0.029%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	+0.059%	$17.3M	$23.0M	100x	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	376.06	+0.021%	$845K	$2.9M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	376.05	+0.019%	$200K	$921K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	0.0000%	1h	375.98	long leg	$18K	$190K	10x
Phemex TSLAUSDT	0.0000%	4h	376.15	+0.045%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TSLAUSDT	+0.0014%	8h	376.19	+0.056%	$574K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	375.90	−0.020%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.11	+0.035%	$805K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.12	+0.037%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.92	−0.016%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.05	+0.019%	—	$125K	25x	as long as short
Variational Omni TSLA	+0.0048%	8h	376.06	+0.022%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.09	+0.029%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.98	0.000%	$44.6M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.90	−0.021%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.00	+0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.90	−0.021%	$1.6M	$1.1M	10x	as long as short
BloFin TSLA-USDT	+0.0069%	8h	376.23	+0.066%	$581K	$357K	20x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.11	+0.033%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDTshort	+0.0075%	8h	376.23	+0.066%	$47.1M	$114.4M	25x
Bullet TSLA-USD	+0.0076%	1h	376.19	+0.056%	$6K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.98	0.000%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.94	−0.011%	$1.5M	$2.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.86	−0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.05	+0.019%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.05	+0.018%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0149%	1h	375.91	−0.019%	$498K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.85	−0.035%	$508K	$355K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.58	+0.957%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	376.03	+0.014%	$215K	$653K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.14	+0.043%	$1.3M	$507K	20x	as long as short