Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h +0.018%

Price spread now: Nado against GRVT−0.077%7-day average −0.040% · 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−$38as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now −0.077%, 7d avg −0.040%

Together, before fees−0.206%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.037% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSLA_USDT_Perp	375.26	0.0126	pay 0.0126% / 8h	2h 05m	$847K	$3.0M	10x
Short	Nado TSLA-PERP	374.98	0.0005	get 0.0001% / 1h	5m 21s	$484K	$90K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.077%Rate

Funding earned: −$25.38
Price spread: −0.077% → −0.040%: −$3.71
Slippage, 4 orders: −$18.48
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$63.56
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Nado: live order book, 18 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, 3 min ago	0.13 bp	6.2 bp −$6	9.4 bp −$94	doesn't fit	doesn't fit
Sell Nado live order book, 18 min ago	4.80 bp	9.1 bp −$9	20.8 bp −$208	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	−0.0223%	4h	375.18	−0.021%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	−0.041%	$587K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.16	−0.029%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.20	−0.017%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.29	+0.007%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.17	−0.025%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	−0.017%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.13	−0.036%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	−0.020%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.19	−0.020%	$199K	$901K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.21	−0.015%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.10	−0.044%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.16	−0.028%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERPshort	+0.0005%	1h	374.98	−0.077%	$484K	$90K	20x
BloFin TSLA-USDT	+0.0007%	8h	375.21	−0.014%	$571K	$339K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.065%	$38K	$49K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.15	−0.030%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.17	−0.025%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.08	−0.049%	—	$133K	25x	as long as short
QFEX TSLA-USD	+0.0046%	1h	375.11	−0.041%	$1.2M	$7.1M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.91	−0.094%	$43.5M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.96	−0.081%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.14	−0.033%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.105%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	374.88	−0.102%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.10	−0.044%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.02	−0.065%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.02	−0.065%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.96	−0.081%	$41K	$20K	20x	as long as short
RISEx TSLA/USDC	+0.0103%	1h	375.25	−0.004%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.16	−0.028%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perplong	+0.0126%	8h	375.26	long leg	$847K	$3.0M	10x
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	−0.041%	$529K	$332K	10x	as long as short
Arcus TSLA-USD	+0.0188%	1h	375.03	−0.062%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.13	+0.231%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0384%	1h	375.21	−0.014%	$1.3M	$458K	20x	as long as short