Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0229%/8h= +25.0% APRpaid last 24h −0.049%

Price spread now: Deribit against Gate−0.029%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.029%, 7d avg −0.042%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.098% in total (about 7.3% 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	Gate TSLA_USDT	376.29	0	get 0.0000% / 8h	2h 16m	$2.3M	$3.5M	100x
Short	Deribit TSLA_USDC-PERPETUAL	376.18	0.0229	get 0.0029% / 1h	16m 00s	$18K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $48.03
Price spread: −0.029% → −0.042%: $1.29
Slippage, 4 orders: −$18.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $8.85
Costs to cover: 0.405%
Break-even: 5.7 days

Slippage from Gate: live order book, 2 min ago; Deribit: live order book, 32 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 Gate live order book, 2 min ago	1.33 bp	14.4 bp −$14	22.9 bp −$229	doesn't fit	doesn't fit
Sell Deribit live order book, 32 min ago	0.13 bp	11.0 bp −$11	12.3 bp −$123	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 TSLAUSDC	−0.0110%	4h	376.08	−0.055%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0021%	8h	376.34	+0.013%	$576K	$354K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.34	+0.014%	$576K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.16	−0.034%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.26	−0.008%	$47.2M	$113.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.23	−0.016%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.19	−0.027%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDTlong	0.0000%	8h	376.29	long leg	$2.3M	$3.5M	100x
Bitget TSLAUSDT	0.0000%	8h	376.21	−0.021%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.15	−0.037%	$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	376.17	−0.032%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.24	−0.013%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	376.01	−0.075%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.19	−0.027%	$1.3M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.95	−0.090%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.20	−0.024%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.94	−0.093%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.12	−0.045%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.18	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.090%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.27	−0.005%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.36	+0.020%	$217K	$618K	20x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	375.94	−0.093%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.98	−0.082%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.02	−0.072%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.01	−0.074%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.24	−0.013%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.21	−0.021%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.043%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0120%	1h	376.22	−0.019%	$829K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0165%	8h	376.34	+0.014%	$854K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0171%	1h	376.30	+0.003%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.864%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0229%	1h	376.18	−0.029%	$18K	$193K	10x
Nado TSLA-PERP	+0.0235%	1h	376.04	−0.067%	$488K	$110K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.31	+0.005%	$1.3M	$528K	20x	as long as short