Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0729%/8h= +79.8% APRpaid last 24h +0.195%

Price spread now: Bybit against edgeX−0.019%61s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$330.330% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.019%, 7d avg +0.044%

Together, before fees+0.137%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.063% cheaper against edgeX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.044%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.053% in total) that is about 8.3 days. The two prices were read 61 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 0.053% in total (about 2.7% 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	376.15	−0.0729	get 0.0365% / 4h	3h 00m	$398K	$1.0M	10x
Short	Bybit TSLAUSDT	376.08	0	get 0.0000% / 8h	3h 00m	$10.2M	$15.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.019%Rate

Funding earned: $153.13
Price spread: −0.019% → +0.044%: −$6.28
Slippage, 4 orders: −$13.03
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $113.82
Costs to cover: 0.330%
Break-even: 1.8 days

Slippage from edgeX: live order book, 3 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 edgeX live order book, 3 min ago	4.25 bp	8.9 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.27 bp	7.2 bp −$7	10.9 bp −$109	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	−0.0729%	4h	376.15	long leg	$398K	$1.0M	10x
BloFin TSLA-USDT	0.0000%	8h	376.15	0.000%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.21	+0.016%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.02	−0.035%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.12	−0.008%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.08	−0.019%	$10.2M	$15.3M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.07	−0.021%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.14	−0.003%	$289K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.11	−0.011%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.08	−0.019%	$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	376.10	−0.013%	$200K	$914K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.17	+0.005%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0021%	1h	376.02	−0.036%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0022%	8h	376.14	−0.003%	$2.3M	$3.6M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.04	−0.029%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.08	−0.019%	$1.2M	$6.2M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.89	−0.069%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.01	−0.037%	—	$128K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.81	−0.090%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.83	−0.085%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.03	−0.032%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.03	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.82	−0.088%	$1.6M	$1.1M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0069%	1h	375.93	−0.058%	$18K	$192K	10x	as long as short
Lighter TSLA	+0.0080%	1h	376.08	−0.019%	$835K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.005%	$511K	$337K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.86	−0.077%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.048%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.89	−0.069%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.06	−0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.08	−0.019%	$745	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0120%	8h	376.25	+0.027%	$844K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0148%	1h	376.13	−0.005%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.08	+1.045%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0235%	1h	375.88	−0.071%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.23	+0.021%	$1.3M	$540K	20x	as long as short