Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.046%

Price spread now: QFEX against Gate−0.035%7-day average −0.063% · 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−$37as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 7 days−0.015%−$2 · spread now −0.035%, 7d avg −0.063%

Together, before fees−0.055%−$5 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 QFEX is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	376.63	0	get 0.0000% / 8h	7h 06m	$2.3M	$3.9M	100x
Short	QFEX TSLA-USD	376.50	0.0028	get 0.0004% / 1h	6m 43s	$1.2M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $5.9
Price spread: −0.035% → −0.063%: $2.89
Slippage, 4 orders: −$14.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.83
Costs to cover: 0.396%
Break-even: 43.6 days

Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 7 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, 1 min ago	0.66 bp	13.0 bp −$13	21.4 bp −$214	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.33 bp	6.3 bp −$6	6.3 bp −$63	11.8 bp −$1,181	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	−0.0810%	4h	376.43	−0.053%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.39	−0.063%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.54	−0.024%	$481K	$10.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.67	+0.011%	$47.1M	$109.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.60	−0.008%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.66	+0.008%	$11.2M	$16.6M	25x	as long as short
Gate TSLA_USDTlong	0.0000%	8h	376.63	long leg	$2.3M	$3.9M	100x
Bitget TSLAUSDT	0.0000%	8h	376.55	−0.021%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.25	−0.100%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.49	−0.037%	$200K	$904K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.46	−0.045%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.57	−0.016%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0008%	8h	376.59	−0.011%	$573K	$339K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	376.23	−0.106%	$38K	$46K	10x	as long as short
QFEX TSLA-USDshort	+0.0028%	1h	376.50	−0.035%	$1.2M	$6.9M	10x
Lighter TSLA	+0.0032%	1h	376.65	+0.005%	$830K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.67	+0.011%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.35	−0.074%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.54	−0.024%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.404%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.45	−0.048%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.38	−0.066%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.52	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.32	−0.082%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0078%	1h	376.63	0.000%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.59	−0.011%	$292K	$598K	20x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	376.34	−0.077%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.44	−0.050%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.31	−0.085%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.30	−0.088%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.60	−0.008%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.51	−0.031%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0135%	1h	376.43	−0.054%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0138%	8h	376.58	−0.013%	$850K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.21	+0.154%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.58	−0.013%	$1.3M	$547K	20x	as long as short