Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.059%

Price spread now: Lighter RH against GRVT−0.041%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.041%, 7d avg −0.050%

Together, before fees−0.033%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSLA_USDT_Perp	376.68	0.0058	pay 0.0058% / 8h	4h 16m	$854K	$2.8M	10x
Short	Lighter RH TSLA	376.53	0.0032	get 0.0004% / 1h	16m 57s	$1.2M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$5.46
Price spread: −0.041% → −0.050%: $0.97
Slippage, 4 orders: −$7.17
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.66
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Lighter RH: live order book, 1 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, 2 min ago	0.13 bp	6.1 bp −$6	12.2 bp −$122	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.20 bp	1.5 bp −$1	2.7 bp −$27	39.0 bp −$3,895	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	−0.0118%	4h	376.60	−0.023%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.62	−0.016%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.48	−0.054%	$481K	$3.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.58	−0.027%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.65	−0.009%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.53	−0.041%	$11.3M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.64	−0.010%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.54	−0.038%	$17.0M	$23.0M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.67	−0.005%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.59	−0.025%	$200K	$906K	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	376.43	−0.067%	$20K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.57	−0.030%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	376.52	−0.044%	$38K	$41K	10x	as long as short
BloFin TSLA-USDT	+0.0020%	8h	376.60	−0.022%	$578K	$352K	20x	as long as short
Lighter TSLA	+0.0032%	1h	376.56	−0.033%	$815K	$3.6M	20x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	376.53	−0.041%	$1.2M	$2.6M	20x
QFEX TSLA-USD	+0.0038%	1h	376.54	−0.038%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.45	−0.062%	$140K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.55	−0.035%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.34	−0.091%	$44.3M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.40	−0.075%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.48	−0.054%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.20	−0.128%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0052%	1h	376.63	−0.013%	$4K	$91K	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.062%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perplong	+0.0058%	8h	376.68	long leg	$854K	$2.8M	10x
Hotstuff TSLA-PERP	+0.0064%	1h	376.35	−0.088%	$34K	—	20x	as long as short
Gate TSLA_USDT	+0.0077%	8h	376.60	−0.022%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.41	−0.072%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.49	−0.051%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.50	−0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.56	−0.033%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.51	−0.047%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.45	−0.062%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.267%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.75	+0.018%	$1.3M	$539K	20x	as long as short