Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.057%

Price spread now: Hotstuff against GRVT−0.080%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.080% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSLA_USDT_Perp	375.77	0.0140	pay 0.0140% / 8h	7h 59m	$849K	$2.7M	10x
Short	Hotstuff TSLA-PERP	375.47	0.0072	get 0.0009% / 1h	59m 34s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$14.28
Price spread: −0.080% → 0.000%: −$7.98
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$36.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.

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	6.0 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0851%	4h	375.63	−0.037%	$397K	$1.0M	10x	as long as short
Nado TSLA-PERP	−0.0118%	1h	375.41	−0.096%	$491K	$110K	20x	as long as short
BloFin TSLA-USDT	−0.0019%	8h	375.66	−0.029%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.50	−0.071%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.37	−0.106%	$478K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.45	−0.084%	$46.8M	$110.2M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.51	−0.069%	$10.1M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.39	−0.101%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.52	−0.067%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.45	−0.085%	$16.6M	$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	375.62	−0.039%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.68	−0.024%	$199K	$896K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.52	−0.067%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.75	−0.005%	$1.1M	$13K	10x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.65	−0.032%	$5K	$91K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.54	−0.062%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.33	−0.117%	$1.2M	$7.3M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.41	−0.096%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.41	−0.096%	$1.2M	$2.5M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.62	−0.040%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.28	−0.130%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.28	−0.130%	$297K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.58	−0.051%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.33	−0.117%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERPshort	+0.0072%	1h	375.47	−0.080%	$34K	—	20x
RISEx TSLA/USDC	+0.0079%	1h	375.56	−0.056%	$254K	$577K	20x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.52	−0.067%	$165K	$95K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.31	−0.122%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.44	−0.088%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.64	−0.035%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.56	−0.056%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.61	−0.042%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.176%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perplong	+0.0140%	8h	375.77	long leg	$849K	$2.7M	10x
Injective TSLA/USDC PERP	+0.0220%	1h	376.78	+0.269%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.75	−0.005%	$1.3M	$546K	20x	as long as short