Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.049%

Price spread now: Lighter RH against Gate−0.035%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.035%, 7d avg −0.057%

Together, before fees−0.128%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	376.47	0.0005	pay 0.0005% / 8h	1h 55m	$2.3M	$3.5M	100x
Short	Lighter RH TSLA	376.34	0.0032	get 0.0004% / 1h	55m 16s	$1.3M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.035%Rate

Funding earned: $5.67
Price spread: −0.035% → −0.057%: $2.2
Slippage, 4 orders: −$14.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.94
Costs to cover: 0.298%
Break-even: 34.1 days

Slippage from Gate: live order book, 3 min ago; Lighter RH: 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 Gate live order book, 3 min ago	1.33 bp	13.1 bp −$13	23.7 bp −$237	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.13 bp	2.5 bp −$2	3.8 bp −$38	40.8 bp −$4,084	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	−0.0665%	4h	376.66	+0.049%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.45	−0.004%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.36	−0.028%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.47	−0.001%	$47.3M	$113.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.42	−0.013%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.40	−0.019%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.43	−0.011%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	−0.019%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.019%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.50	+0.008%	$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
Gate TSLA_USDTlong	+0.0005%	8h	376.47	long leg	$2.3M	$3.5M	100x
Aftermath Perps TSLAUSD	+0.0022%	1h	376.38	−0.025%	$38K	$39K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	376.49	+0.005%	$576K	$355K	20x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	376.34	−0.035%	$1.3M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	376.31	−0.043%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.34	−0.035%	—	$125K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	376.29	−0.048%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.11	−0.096%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.28	−0.050%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.36	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.15	−0.085%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.35	−0.032%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.13	−0.089%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.08	−0.104%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	−0.066%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.33	−0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.37	−0.026%	$745	—	10x	as long as short
Lighter TSLA	+0.0120%	1h	376.36	−0.029%	$836K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.48	+0.003%	$508K	$347K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.51	+0.010%	$216K	$618K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0149%	1h	376.25	−0.058%	$18K	$193K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0184%	8h	376.54	+0.018%	$847K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0188%	1h	376.43	−0.009%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.28	+0.215%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0293%	1h	376.13	−0.089%	$488K	$110K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.62	+0.040%	$1.3M	$528K	20x	as long as short