Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.205%

Price spread now: Lighter RH against edgeX−0.035%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.035%, 7d avg −0.004%

Together, before fees+0.176%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.031% cheaper against edgeX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.115% in total) that is about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% 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	376.45	−0.0272	get 0.0136% / 4h	1h 49m	$398K	$1.0M	10x
Short	Lighter RH TSLA	376.32	0.0032	get 0.0004% / 1h	49m 12s	$1.3M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.035%Rate

Funding earned: $63.84
Price spread: −0.035% → −0.004%: −$3.09
Slippage, 4 orders: −$13.42
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $38.32
Costs to cover: 0.224%
Break-even: 2.8 days

Slippage from edgeX: live order book, 5 min ago; Lighter RH: live order book, 4 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, 5 min ago	4.25 bp	8.9 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.20 bp	3.3 bp −$3	4.4 bp −$44	42.6 bp −$4,263	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	−0.0272%	4h	376.45	long leg	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	376.45	0.000%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.37	−0.021%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.44	−0.003%	$47.3M	$113.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.43	−0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.36	−0.024%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.42	−0.008%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.39	−0.015%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.013%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.45	0.000%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSLA-USDT	+0.0004%	8h	376.48	+0.008%	$578K	$356K	20x	as long as short
Gate TSLA_USDT	+0.0007%	8h	376.49	+0.011%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	376.27	−0.048%	$38K	$39K	10x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	376.32	−0.035%	$1.3M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	376.22	−0.061%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.39	−0.016%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.15	−0.080%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.34	−0.029%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.30	−0.040%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.10	−0.093%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.40	−0.013%	$1.2M	$6.2M	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	376.16	−0.077%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.28	−0.045%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.15	−0.080%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.16	−0.077%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.16	−0.077%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.39	−0.016%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	−0.032%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.53	+0.021%	$214K	$642K	20x	as long as short
Lighter TSLA	+0.0160%	1h	376.37	−0.021%	$835K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0192%	8h	376.49	+0.010%	$852K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0209%	1h	376.50	+0.013%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.82	+0.364%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0307%	1h	376.05	−0.106%	$489K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.46	+0.003%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0388%	1h	376.38	−0.019%	$18K	$194K	10x	as long as short