Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0291%/8h= +31.9% APRpaid last 24h +0.185%

Price spread now: tradeXYZ against edgeX−0.067%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.067%, 7d avg −0.043%

Together, before fees+0.231%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.024% cheaper against edgeX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.043%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.171% in total) that is about 23 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% 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	376.30	−0.0241	get 0.0120% / 4h	3h 47m	$398K	$1.0M	10x
Short	tradeXYZ xyz:TSLA	376.05	0.0050	get 0.0006% / 1h	47m 28s	$44.3M	$14.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.067%Rate

Funding earned: $61.09
Price spread: −0.067% → −0.043%: −$2.37
Slippage, 4 orders: −$11.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $20.21
Costs to cover: 0.385%
Break-even: 4.7 days

Slippage from edgeX: live order book, 1 min ago; tradeXYZ: live order book, 11 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, 1 min ago	4.25 bp	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.53 bp	10.5 bp −$11	12.4 bp −$124	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	−0.0241%	4h	376.30	long leg	$398K	$1.0M	10x
BloFin TSLA-USDT	−0.0018%	8h	376.31	+0.002%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.12	−0.048%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.19	−0.030%	$479K	$10.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.28	−0.005%	$47.0M	$109.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.30	0.000%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.13	−0.046%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.27	−0.008%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.14	−0.043%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.18	−0.033%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.31	+0.002%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.19	−0.030%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.23	−0.019%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.10	−0.053%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.19	−0.030%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.20	−0.027%	$654K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.27	−0.008%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.11	−0.051%	$165K	$91K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.22	−0.022%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.317%	$529K	$312K	10x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	376.05	−0.067%	$44.3M	$14.3M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	376.04	−0.069%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.18	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.093%	$1.6M	$1.0M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.30	0.000%	$291K	$598K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0086%	8h	376.35	+0.013%	$855K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.19	−0.030%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.04	−0.069%	$1.5M	$158K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.13	−0.046%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.27	−0.008%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.20	−0.027%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0134%	1h	376.17	−0.036%	$490K	$111K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.10	+0.212%	$78K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0247%	1h	376.31	+0.003%	$5K	$92K	10x	as long as short
Phoenix TSLA	+0.0277%	1h	376.29	−0.003%	$1.3M	$547K	20x	as long as short
Hotstuff TSLA-PERP	+0.0360%	1h	376.06	−0.064%	$34K	—	20x	as long as short