Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.046%

Price spread now: Coinbase International against GRVT+0.106%7-day average −0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.106%, 7d avg −0.119%

Together, before fees−0.200%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.226% dearer against GRVT than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.119%): +$23 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSLA_USDT_Perp	376.64	0.0072	pay 0.0072% / 8h	4h 42m	$843K	$2.8M	10x
Short	Coinbase International TSLA-PERP-INTX	377.04	0.0056	get 0.0007% / 1h	42m 45s	$513K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$3.36
Price spread: +0.106% → −0.119%: $22.56
Slippage, 4 orders: −$12.35
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.14
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Coinbase International: live order book, 15 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 GRVT live order book, 1 min ago	0.13 bp	5.3 bp −$5	9.5 bp −$95	doesn't fit	doesn't fit
Sell Coinbase International live order book, 15 min ago	2.66 bp	9.3 bp −$9	11.1 bp −$111	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	−0.0944%	4h	376.49	−0.039%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0019%	8h	376.66	+0.005%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.75	+0.030%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.57	−0.018%	$480K	$4.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.69	+0.013%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.80	+0.042%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.60	−0.011%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.75	+0.028%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.62	−0.005%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.42	−0.060%	$1.9M	$1.4M	—	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	376.54	−0.027%	$200K	$906K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.62	−0.005%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	+0.005%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0018%	1h	376.41	−0.061%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.70	+0.016%	$817K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.70	+0.016%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.66	+0.005%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.085%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.68	+0.011%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.45	−0.050%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.44	−0.053%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.58	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.32	−0.085%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0056%	1h	377.04	+0.106%	$513K	$331K	10x
Bullet TSLA-USD	+0.0067%	1h	376.68	+0.012%	$5K	$92K	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.38	−0.069%	$34K	—	20x	as long as short
GRVT TSLA_USDT_Perplong	+0.0072%	8h	376.64	long leg	$843K	$2.8M	10x
Pacifica TSLA	+0.0100%	1h	376.58	−0.016%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.63	−0.003%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.44	−0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.66	+0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.56	−0.022%	$746	—	10x	as long as short
Gate TSLA_USDT	+0.0107%	8h	376.68	+0.011%	$2.3M	$3.6M	100x	as long as short
Nado TSLA-PERP	+0.0175%	1h	376.60	−0.011%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.279%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.45	−0.050%	$1.3M	$539K	20x	as long as short