Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Bitget against Deribit−0.048%48s7-day average +0.032% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.324% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.048%, 7d avg +0.032%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.080% cheaper against Deribit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.19	0	get 0.0000% / 1h	57m 30s	$18K	$193K	10x
Short	Bitget TSLAUSDT	376.01	0	get 0.0000% / 8h	7h 57m	$17.3M	$22.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.032%: −$7.99
Slippage, 4 orders: −$13.39
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.37
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Deribit: live order book, 41 min ago; Bitget: live order book, 1 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, 41 min ago	3.98 bp	7.5 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.13 bp	8.8 bp −$9	13.1 bp −$131	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	−0.0401%	4h	376.30	+0.030%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.00	−0.051%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.06	−0.035%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.08	−0.029%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	376.01	−0.048%	$17.3M	$22.9M	100x
GRVT TSLA_USDT_Perp	0.0000%	8h	376.42	+0.061%	$848K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	376.33	+0.037%	$200K	$917K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.32	+0.035%	$6K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUALlong	0.0000%	1h	376.19	long leg	$18K	$193K	10x
Phemex TSLAUSDT	0.0000%	4h	376.27	+0.021%	$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	+0.0020%	8h	376.12	−0.017%	$574K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.94	−0.066%	$1.2M	$2.5M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.25	+0.015%	$38K	$36K	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.83	−0.096%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.11	−0.021%	—	$125K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.01	−0.048%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.79	−0.106%	$44.6M	$15.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.78	−0.109%	$300K	$212K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.20	+0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.98	−0.056%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0060%	8h	376.29	+0.028%	$1.8M	$1.3M	—	as long as short
Lighter TSLA	+0.0064%	1h	375.93	−0.069%	$816K	$3.6M	20x	as long as short
Binance TSLAUSDT	+0.0084%	8h	376.01	−0.048%	$47.1M	$114.3M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	375.92	−0.072%	$483K	$2.7M	10x	as long as short
Nado TSLA-PERP	+0.0093%	1h	375.81	−0.101%	$498K	$116K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.97	−0.058%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.91	−0.074%	$1.5M	$2.0M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.24	+0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.34	+0.040%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.30	+0.029%	$745	—	10x	as long as short
BloFin TSLA-USDT	+0.0114%	8h	376.25	+0.016%	$581K	$356K	20x	as long as short
Hotstuff TSLA-PERP	+0.0136%	1h	376.14	−0.013%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.85	−0.090%	$508K	$355K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.960%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	376.12	−0.018%	$215K	$653K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.13	−0.016%	$1.3M	$507K	20x	as long as short