Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0975%/8h= +106.8% APRpaid last 24h +0.171%

Price spread now: Lighter against edgeX+0.012%79s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as 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−$190.193% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.012%, 7d avg −0.008%

Together, before fees+0.119%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Lighter is 0.021% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 79 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 0.136% in total (about 7.1% 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	375.57	−0.0943	get 0.0472% / 4h	21m 59s	$397K	$1.0M	10x
Short	Lighter TSLA	375.62	0.0032	get 0.0004% / 1h	21m 59s	$652K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.012%Rate

Funding earned: $204.78
Price spread: +0.012% → −0.008%: $2.05
Slippage, 4 orders: −$10.28
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $187.56
Costs to cover: 0.193%
Break-even: 0.6 days

Slippage from edgeX: live order book, 2 min ago; Lighter: 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 edgeX live order book, 2 min ago	4.26 bp	9.0 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.53 bp	0.8 bp −$1	2.9 bp −$29	31.9 bp −$3,194	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	−0.0943%	4h	375.57	long leg	$397K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	375.53	−0.010%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.62	+0.013%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.69	+0.030%	$46.8M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.76	+0.050%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.71	+0.036%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.69	+0.031%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.56	−0.004%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.57	−0.001%	$1.9M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.66	+0.023%	$199K	$893K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.71	+0.035%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.57	−0.001%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.60	+0.007%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.54	−0.009%	$38K	$47K	10x	as long as short
BloFin TSLA-USDT	+0.0023%	8h	375.59	+0.004%	$571K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.60	+0.007%	$1.2M	$7.2M	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	375.62	+0.012%	$652K	$3.3M	20x
Lighter RH TSLA	+0.0032%	1h	375.66	+0.023%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.40	−0.046%	$34K	—	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.58	+0.002%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.42	−0.041%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.56	−0.004%	$297K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.62	+0.012%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.37	−0.054%	$1.6M	$1.0M	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.46	−0.030%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.74	+0.043%	$255K	$577K	20x	as long as short
Nado TSLA-PERP	+0.0088%	1h	375.51	−0.016%	$492K	$110K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.57	−0.001%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.49	−0.022%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.46	−0.030%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.49	−0.022%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.62	+0.012%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.123%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0143%	8h	375.63	+0.014%	$852K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.62	+0.279%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.59	+0.004%	$1.3M	$547K	20x	as long as short