Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0732%/8h= +80.2% APRpaid last 24h +0.169%

Price spread now: Aster against edgeX+0.003%50s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$310.309% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.050%+$5 · spread now +0.003%, 7d avg +0.042%

Together, before fees+0.103%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.039% cheaper against edgeX than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.054% in total) that is about 5.1 days. The two prices were read 50 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 7 days it paid 0.054% in total (about 2.8% 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	edgeX TSLAUSDC	376.40	−0.0732	get 0.0366% / 4h	3h 54m	$398K	$1.0M	10x
Short	Aster TSLAUSDT	376.41	0	get 0.0000% / 8h	3h 54m	$576K	$195K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $153.75
Price spread: +0.003% → +0.042%: −$3.88
Slippage, 4 orders: −$13.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $118.95
Costs to cover: 0.309%
Break-even: 1.6 days

Slippage from edgeX: live order book, 4 min ago; Aster: live order book, 63 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 edgeX live order book, 4 min ago	4.25 bp	8.9 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell Aster live order book, 63 min ago	1.33 bp	7.0 bp −$7	52.0 bp −$520	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 TSLAUSDClong	−0.0732%	4h	376.40	long leg	$398K	$1.0M	10x
Aster TSLAUSDTshort	0.0000%	8h	376.41	+0.003%	$576K	$195K	50x
Extended TSLA_24_5-USD	0.0000%	1h	376.25	−0.039%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.34	−0.013%	$47.3M	$111.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.41	+0.004%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.31	−0.023%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.42	+0.005%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.29	−0.028%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	+0.001%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.41	+0.004%	$200K	$902K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.15	−0.065%	$20K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.42	+0.007%	$1.1M	$14K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0020%	1h	376.05	−0.092%	$44.4M	$14.6M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.43	+0.011%	$38K	$41K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	376.37	−0.007%	$578K	$352K	20x	as long as short
Bullet TSLA-USD	+0.0030%	1h	376.34	−0.015%	$5K	$91K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.31	−0.023%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.35	−0.012%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.33	−0.017%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.16	−0.063%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.37	−0.007%	—	$130K	25x	as long as short
Gate TSLA_USDT	+0.0049%	8h	376.36	−0.009%	$2.3M	$3.5M	100x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.21	−0.049%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.26	−0.036%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.118%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0063%	8h	376.44	+0.011%	$843K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	376.08	−0.084%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.015%	$512K	$330K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.19	−0.054%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.28	−0.031%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.31	−0.023%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.18	−0.057%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.25	−0.038%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0162%	1h	376.26	−0.037%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.29	+0.238%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.67	+0.073%	$1.3M	$540K	20x	as long as short