Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.059%

Price spread now: Phemex against Gate−0.008%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$940.935% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.008%, 7d avg −0.020%

Together, before fees−0.204%−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	376.70	0	get 0.0000% / 8h	38m 10s	$2.3M	$3.5M	100x
Short	Phemex TSLAUSDT	376.67	0	get 0.0000% / 4h	38m 10s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.020%: $1.24
Slippage, 4 orders: −$66.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$92.27
Costs to cover: 0.935%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 4 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, 5 min ago	0.93 bp	14.4 bp −$14	28.0 bp −$280	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.33 bp	33.6 bp −$34	doesn't fit	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	−0.0091%	4h	376.79	+0.024%	$399K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	376.39	−0.082%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.40	−0.081%	$575K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.68	−0.005%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.71	+0.003%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDTlong	0.0000%	8h	376.70	long leg	$2.3M	$3.5M	100x
Bitget TSLAUSDT	0.0000%	8h	376.63	−0.019%	$17.2M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.080%	$200K	$923K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.67	−0.008%	$1.1M	$14K	10x
Variational Omni TSLA	+0.0027%	8h	376.76	+0.016%	$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
Aftermath Perps TSLAUSD	+0.0030%	1h	376.52	−0.049%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.55	−0.040%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.46	−0.064%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.57	−0.035%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.40	−0.080%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.46	−0.064%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.62	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.44	−0.069%	$1.6M	$1.1M	10x	as long as short
Binance TSLAUSDT	+0.0062%	8h	376.72	+0.005%	$47.2M	$113.5M	25x	as long as short
BloFin TSLA-USDT	+0.0062%	8h	376.69	−0.003%	$577K	$356K	20x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	376.62	−0.021%	$480K	$2.7M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.58	−0.032%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.29	−0.109%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.43	−0.072%	$1.5M	$335K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.098%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.38	−0.085%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.64	−0.017%	$746	—	10x	as long as short
Lighter TSLA	+0.0168%	1h	376.58	−0.032%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.268%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.823%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.72	+0.005%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0261%	1h	376.70	0.000%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0276%	8h	376.76	+0.016%	$850K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0281%	1h	376.34	−0.096%	$489K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0281%	1h	376.52	−0.048%	$18K	$195K	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.87	+0.045%	$1.3M	$525K	20x	as long as short