Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0698%/8h= +76.4% APRpaid last 24h +0.224%

Price spread now: Phoenix against edgeX+0.019%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.684%+$68 on $10k

Price spread, last 7 days+0.100%+$10 · spread now +0.019%, 7d avg +0.069%

Together, before fees+0.784%+ Points / potential airdropedgeX: Active · farm board+$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.050% cheaper against edgeX than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.069%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.684% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TSLAUSDC	375.15	−0.0314	get 0.0157% / 4h	2h 10m	$397K	$1.0M	10x
Short	Phoenix TSLA	375.22	0.0384	get 0.0048% / 1h	10m 08s	$1.3M	$458K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.019%Rate

Funding earned: $146.54
Price spread: +0.019% → +0.069%: −$4.96
Slippage, 4 orders: −$21.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $104.47
Costs to cover: 0.371%
Break-even: 2.0 days

Slippage from edgeX: live order book, 4 min ago; Phoenix: 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, 4 min ago	4.26 bp	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell Phoenix live order book, 3 min ago	2.66 bp	9.6 bp −$10	19.4 bp −$194	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	−0.0314%	4h	375.15	long leg	$397K	$1.0M	10x
Deribit TSLA_USDC-PERPETUAL	−0.0123%	1h	374.90	−0.066%	$20K	$186K	10x	as long as short
BloFin TSLA-USDT	−0.0009%	8h	375.18	+0.009%	$571K	$339K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	−0.010%	$587K	$188K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.14	−0.003%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.16	+0.003%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.11	−0.010%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.12	−0.007%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	+0.014%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.11	−0.010%	$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	375.18	+0.008%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.19	+0.011%	$199K	$898K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.19	+0.011%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.16	+0.003%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERP	0.0000%	1h	374.97	−0.046%	$484K	$90K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.034%	$38K	$49K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.14	−0.002%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.18	+0.009%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.09	−0.015%	—	$133K	25x	as long as short
QFEX TSLA-USD	+0.0046%	1h	375.20	+0.014%	$1.2M	$7.1M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.91	−0.063%	$43.5M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.95	−0.053%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.13	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.92	−0.061%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	374.91	−0.063%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.06	−0.022%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.02	−0.034%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	374.99	−0.042%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.01	−0.037%	$41K	$20K	20x	as long as short
RISEx TSLA/USDC	+0.0103%	1h	375.25	+0.027%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.15	+0.002%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.22	+0.020%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	−0.010%	$529K	$332K	10x	as long as short
Arcus TSLA-USD	+0.0188%	1h	375.03	−0.031%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.11	+0.257%	$78K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0384%	1h	375.22	+0.019%	$1.3M	$458K	20x