Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.037%

Price spread now: Gate against Deribit+0.090%7-day average +0.041% · 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−$37as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.090%, 7d avg +0.041%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.049% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 5 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.096% in total (about -7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	377.16	−0.0227	get 0.0028% / 1h	22m 44s	$20K	$187K	10x
Short	Gate TSLA_USDT	377.50	0.0034	get 0.0034% / 8h	6h 22m	$2.3M	$3.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.090%Rate

Funding earned: $54.81
Price spread: +0.090% → +0.041%: $4.9
Slippage, 4 orders: −$19.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $18.25
Costs to cover: 0.415%
Break-even: 4.7 days

Slippage from Deribit: live order book, 46 min ago; Gate: live order book, 5 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, 46 min ago	0.13 bp	9.4 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.32 bp	13.9 bp −$14	26.7 bp −$267	doesn't fit	doesn't fit

TSLA on 35 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	−0.0846%	4h	377.43	+0.071%	$399K	$1.0M	10x	as long as short
Deribit TSLA_USDC-PERPETUALlong	−0.0227%	1h	377.16	long leg	$20K	$187K	10x
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	+0.045%	$513K	$329K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.40	+0.065%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.41	+0.066%	$481K	$9.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.55	+0.103%	$47.3M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.65	+0.130%	$10.3M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.52	+0.095%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.51	+0.093%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.44	+0.074%	$17.0M	$22.9M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	377.35	+0.051%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.38	+0.058%	$200K	$909K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.50	+0.090%	$6K	$92K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.45	+0.077%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	377.14	−0.005%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.38	+0.058%	$1.2M	$6.7M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0025%	8h	377.48	+0.084%	$853K	$2.8M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.47	+0.082%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.48	+0.085%	$1.2M	$2.6M	20x	as long as short
Gate TSLA_USDTshort	+0.0034%	8h	377.50	+0.090%	$2.3M	$3.8M	100x
Arcus TSLA-USD	+0.0040%	1h	377.28	+0.032%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.48	+0.085%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.27	+0.029%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.30	+0.037%	$301K	$311K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.41	+0.066%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.26	+0.027%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	377.23	+0.019%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.34	+0.048%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.18	+0.005%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.26	+0.027%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.48	+0.085%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.39	+0.060%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0110%	1h	377.40	+0.064%	$491K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.38	+0.323%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.56	+0.106%	$1.3M	$539K	20x	as long as short