Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h +0.019%

Price spread now: KuCoin against Deribit−0.037%53s7-day average −0.018% · 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−$1021.022% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.037%, 7d avg −0.018%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.120% in total (about -8.8% 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	376.60	0.0388	pay 0.0048% / 1h	36m 29s	$18K	$195K	10x
Short	KuCoin TSLAUSDTM	376.46	0.0100	get 0.0100% / 8h	36m 29s	$1.5M	$335K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$60.41
Price spread: −0.037% → −0.018%: −$1.87
Slippage, 4 orders: −$83.21
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$164.5
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; KuCoin: 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, 2 min ago	3.98 bp	7.5 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	2.92 bp	63.7 bp −$64	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	−0.0142%	4h	376.58	−0.004%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.44	−0.042%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.41	−0.051%	$575K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.70	+0.027%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.74	+0.037%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.73	+0.035%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.63	+0.008%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.053%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.70	+0.027%	$1.1M	$14K	10x	as long as short
Variational Omni TSLA	+0.0027%	8h	376.76	+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
Aftermath Perps TSLAUSD	+0.0031%	1h	376.51	−0.023%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	+0.005%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.48	−0.032%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.57	−0.008%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.43	−0.045%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.49	−0.029%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.66	+0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.27	−0.088%	$1.6M	$1.1M	10x	as long as short
BloFin TSLA-USDT	+0.0060%	8h	376.76	+0.042%	$577K	$356K	20x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	376.61	+0.002%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0065%	8h	376.73	+0.034%	$47.2M	$113.5M	25x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.63	+0.008%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.29	−0.082%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTMshort	+0.0100%	8h	376.46	−0.037%	$1.5M	$335K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.072%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.58	−0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.66	+0.016%	$746	—	10x	as long as short
Lighter TSLA	+0.0168%	1h	376.66	+0.016%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.242%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.850%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.79	+0.049%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0267%	1h	376.70	+0.027%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0278%	8h	376.78	+0.048%	$851K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.42	−0.047%	$489K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0388%	1h	376.60	long leg	$18K	$195K	10x
Phoenix TSLA	+0.0404%	1h	376.87	+0.072%	$1.3M	$525K	20x	as long as short