Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.010%

Price spread now: Bybit against Deribit+0.019%7-day average +0.042% · 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−$31as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.198%−$20 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.019%, 7d avg +0.042%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.07	0.0176	pay 0.0022% / 1h	15m 12s	$18K	$193K	10x
Short	Bybit TSLAUSDT	376.14	0	get 0.0000% / 8h	2h 15m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$36.88
Price spread: +0.019% → +0.042%: −$2.34
Slippage, 4 orders: −$11.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.35
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Deribit: live order book, 33 min ago; Bybit: live order book, 3 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, 33 min ago	0.13 bp	3.6 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.53 bp	7.0 bp −$7	10.6 bp −$106	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	−0.0397%	4h	376.32	+0.067%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0008%	8h	376.34	+0.072%	$576K	$354K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.27	+0.053%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.10	+0.008%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.19	+0.032%	$47.2M	$113.1M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.14	+0.019%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.12	+0.013%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.23	+0.043%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.14	+0.019%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.23	+0.043%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.17	+0.027%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.16	+0.024%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	376.05	−0.005%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.09	+0.005%	$1.3M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.96	−0.029%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.12	+0.013%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.88	−0.051%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.005%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.11	+0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.85	−0.058%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.22	+0.040%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.31	+0.064%	$217K	$619K	20x	as long as short
Hotstuff TSLA-PERP	+0.0088%	1h	375.92	−0.040%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.94	−0.035%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.027%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.05	−0.005%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.22	+0.040%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.18	+0.028%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.016%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0120%	1h	376.12	+0.013%	$829K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0165%	8h	376.34	+0.072%	$854K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0171%	1h	376.24	+0.045%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0176%	1h	376.07	long leg	$18K	$193K	10x
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.923%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0236%	1h	376.02	−0.013%	$488K	$110K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.31	+0.064%	$1.3M	$528K	20x	as long as short