Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0808%/8h= +88.5% APRpaid last 24h +0.153%

Price spread now: Coinbase International against edgeX−0.016%77s7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as 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−$370.369% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.016%, 7d avg −0.095%

Together, before fees+0.114%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Coinbase International is 0.079% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.095%. The two prices were read 77 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 0.186% in total (about 9.7% 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	375.17	−0.0680	get 0.0340% / 4h	1h 19m	$397K	$1.0M	10x
Short	Coinbase International TSLA-PERP-INTX	375.11	0.0128	get 0.0016% / 1h	19m 52s	$529K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.016%Rate

Funding earned: $169.76
Price spread: −0.016% → −0.095%: $7.94
Slippage, 4 orders: −$17.86
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $140.84
Costs to cover: 0.369%
Break-even: 1.2 days

Slippage from edgeX: live order book, 4 min ago; Coinbase International: 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	4.26 bp	9.0 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	2.80 bp	9.1 bp −$9	12.7 bp −$127	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	−0.0680%	4h	375.17	long leg	$397K	$1.0M	10x
BloFin TSLA-USDT	−0.0009%	8h	375.20	+0.008%	$570K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.24	+0.018%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.10	−0.019%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.17	0.000%	$46.9M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.27	+0.027%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.16	−0.002%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.31	+0.039%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.17	0.000%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.11	−0.016%	$16.6M	$22.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	375.19	+0.005%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.18	+0.003%	$199K	$897K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.05	−0.032%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.18	+0.003%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.12	−0.014%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.16	−0.002%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.14	−0.008%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.17	0.000%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.09	−0.021%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.10	−0.018%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.95	−0.058%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.00	−0.045%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.08	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.97	−0.053%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0054%	1h	375.18	+0.003%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0064%	1h	375.02	−0.039%	$484K	$90K	20x	as long as short
Hotstuff TSLA-PERP	+0.0096%	1h	374.95	−0.058%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.01	−0.042%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.05	−0.032%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.99	−0.048%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.09	−0.020%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.30	+0.035%	$847K	$2.7M	10x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0128%	1h	375.11	−0.016%	$529K	$332K	10x
Injective TSLA/USDC PERP	+0.0220%	1h	376.18	+0.270%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.34	+0.046%	$1.3M	$522K	20x	as long as short