Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0555%/8h= +60.8% APRpaid last 24h +0.164%

Price spread now: OKX against edgeX−0.008%91s7-day average +0.038% · you buy dearer than you sell

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 OKX

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+0.048%+$5 · spread now −0.008%, 7d avg +0.038%

Together, before fees+0.101%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.047% cheaper against edgeX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.038%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.053% in total) that is about 6.2 days. The two prices were read 91 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	377.06	−0.0555	get 0.0278% / 4h	1h 08m	$398K	$1.0M	10x
Short	OKX TSLA-USDT-SWAP	377.03	0	get 0.0000% / 8h	5h 08m	$11.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $116.61
Price spread: −0.008% → +0.038%: −$4.67
Slippage, 4 orders: −$11.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $81.03
Costs to cover: 0.309%
Break-even: 2.1 days

Slippage from edgeX: live order book, 1 min ago; OKX: live order book, just now.

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, 1 min ago	4.24 bp	9.1 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell OKX live order book, just now	0.13 bp	6.6 bp −$7	10.2 bp −$102	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	−0.0555%	4h	377.06	long leg	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	377.15	+0.025%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.07	+0.002%	$484K	$5.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.16	+0.026%	$47.4M	$110.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.19	+0.034%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	377.03	−0.008%	$11.2M	$16.8M	25x
RISEx TSLA/USDC	0.0000%	1h	377.18	+0.030%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.07	+0.002%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.06	0.000%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.09	+0.008%	$200K	$909K	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	376.93	−0.035%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	−0.006%	$513K	$331K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.16	+0.026%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	377.09	+0.006%	$38K	$43K	10x	as long as short
Hotstuff TSLA-PERP	+0.0016%	1h	376.76	−0.080%	$34K	—	20x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.04	−0.006%	$1.2M	$6.6M	10x	as long as short
BloFin TSLA-USDT	+0.0025%	8h	377.15	+0.024%	$575K	$354K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.08	+0.005%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.95	−0.030%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.05	−0.003%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.81	−0.067%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.00	−0.016%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.07	+0.002%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.80	−0.069%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0054%	8h	377.23	+0.045%	$846K	$2.8M	10x	as long as short
Lighter TSLA	+0.0064%	1h	377.09	+0.008%	$819K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0096%	1h	377.13	+0.018%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.87	−0.052%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.97	−0.024%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.00	−0.016%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.91	−0.040%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.03	−0.009%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0126%	8h	377.11	+0.013%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0185%	1h	376.91	−0.040%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.291%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.10	+0.010%	$1.3M	$539K	20x	as long as short