Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.044%

Price spread now: Lighter against GRVT−0.064%108s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.156% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.025%−$3 · spread now −0.064%, 7d avg −0.056%

Together, before fees+0.019%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSLA_USDT_Perp	375.28	0.0125	pay 0.0125% / 8h	1h 17m	$847K	$2.7M	10x
Short	Lighter TSLA	375.04	0.0032	get 0.0004% / 1h	17m 48s	$648K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$19.53
Price spread: −0.064% → −0.056%: −$0.75
Slippage, 4 orders: −$6.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.86
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Lighter: live order book, 5 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, 6 min ago	0.13 bp	5.4 bp −$5	8.5 bp −$85	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.13 bp	2.2 bp −$2	3.4 bp −$34	58.9 bp −$5,887	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	−0.0429%	4h	375.17	−0.029%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0016%	8h	375.17	−0.029%	$569K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.19	−0.024%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.02	−0.070%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.08	−0.053%	$46.8M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.27	−0.003%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.06	−0.059%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.27	−0.003%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.12	−0.043%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.04	−0.064%	$16.6M	$22.5M	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	375.19	−0.024%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.21	−0.019%	$199K	$897K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.18	−0.027%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.12	−0.044%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.13	−0.040%	$1.2M	$7.2M	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	375.04	−0.064%	$648K	$3.3M	20x
Lighter RH TSLA	+0.0032%	1h	375.09	−0.051%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.07	−0.056%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.07	−0.056%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.86	−0.112%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.98	−0.080%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.11	−0.045%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.81	−0.125%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0054%	1h	375.17	−0.028%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0063%	1h	375.01	−0.072%	$484K	$90K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0070%	1h	375.10	−0.048%	$20K	$186K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	374.90	−0.101%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	374.98	−0.080%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.061%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.98	−0.080%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.11	−0.045%	$743	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	374.93	−0.093%	$34K	—	20x	as long as short
GRVT TSLA_USDT_Perplong	+0.0125%	8h	375.28	long leg	$847K	$2.7M	10x
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	−0.045%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.18	+0.240%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.34	+0.016%	$1.3M	$522K	20x	as long as short