Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0215%/8h= +23.6% APRpaid last 24h −0.056%

Price spread now: Deribit against GRVT−0.024%45s7-day average −0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.260% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.024%, 7d avg −0.029%

Together, before fees+0.042%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.094% in total (about 7.1% 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	GRVT TSLA_USDT_Perp	376.44	0.0093	pay 0.0093% / 8h	3h 29m	$855K	$2.8M	10x
Short	Deribit TSLA_USDC-PERPETUAL	376.35	0.0308	get 0.0039% / 1h	29m 29s	$18K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.024%Rate

Funding earned: $45.21
Price spread: −0.024% → −0.029%: $0.51
Slippage, 4 orders: −$10.04
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $19.68
Costs to cover: 0.260%
Break-even: 4.0 days

Slippage from GRVT: live order book, 4 min ago; Deribit: live order book, 24 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, 4 min ago	0.13 bp	6.1 bp −$6	17.7 bp −$177	doesn't fit	doesn't fit
Sell Deribit live order book, 24 min ago	0.13 bp	3.6 bp −$4	4.9 bp −$49	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	−0.0995%	4h	376.34	−0.028%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0064%	1h	376.04	−0.106%	$34K	—	20x	as long as short
BloFin TSLA-USDT	−0.0006%	8h	376.43	−0.003%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.57	+0.034%	$577K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.31	−0.034%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.41	−0.008%	$47.0M	$112.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.51	+0.019%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.43	−0.003%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.44	+0.001%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.39	−0.013%	$17.1M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.40	−0.011%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.51	+0.019%	$200K	$894K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.44	0.000%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	375.94	−0.132%	$38K	$41K	10x	as long as short
Gate TSLA_USDT	+0.0029%	8h	376.43	−0.003%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.42	−0.005%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.44	0.000%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.10	−0.090%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.34	−0.027%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.12	−0.085%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.22	−0.058%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.42	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.22	−0.058%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0072%	1h	376.38	−0.016%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.082%	$511K	$340K	10x	as long as short
GRVT TSLA_USDT_Perplong	+0.0093%	8h	376.44	long leg	$855K	$2.8M	10x
Pacifica TSLA	+0.0100%	1h	376.18	−0.069%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.29	−0.040%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.15	−0.077%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.54	+0.027%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.46	+0.004%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0131%	1h	376.50	+0.016%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.356%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0226%	1h	376.26	−0.047%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.29	−0.040%	$1.3M	$540K	20x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0308%	1h	376.35	−0.024%	$18K	$192K	10x