Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.100%
Price spread now: Phoenix against GRVT+0.004%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days+0.586%+$59 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now +0.004%, 7d avg +0.026%
=Together, before fees+0.627%+ Points / potential airdropGRVT: Active · farm board+$63 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.022% cheaper against GRVT than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.026%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT TSLA_USDT_Perp | 375.44 | 0.0122 | pay 0.0122% / 8h | 47m 29s | $848K | $2.7M | 10x |
| Short | Phoenix TSLA | 375.45 | 0.0362 | get 0.0045% / 1h | 47m 29s | $1.3M | $547K | 20x |
GRVT TSLA_USDT_Perp
Phoenix TSLAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.48
- Price spread: +0.004% → +0.026%
- −$2.25
- Slippage, 4 orders
- −$17.4
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.83
- Costs to cover
- 0.334%
- Break-even
- 4.9 days
Slippage from GRVT: live order book, 1 min ago; Phoenix: 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, 1 min ago | 0.13 bp | 6.7 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 1 min ago | 2.66 bp | 9.6 bp −$10 | 19.1 bp −$191 | 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 | −0.0655% | 4h | 375.37 | −0.017% | $397K | $1.0M | 10x | as long as short |
| Nado TSLA-PERP | −0.0047% | 1h | 375.29 | −0.038% | $485K | $90K | 20x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 375.29 | −0.039% | $584K | $191K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 375.33 | −0.028% | $478K | $10.6M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 375.43 | −0.001% | $46.9M | $110.0M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 375.57 | +0.036% | $10.2M | $15.4M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 375.49 | +0.014% | $11.2M | $16.8M | 25x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 375.42 | −0.004% | $2.3M | $4.1M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 375.37 | −0.018% | $16.7M | $22.6M | 100x | as long as short |
| Variational Omni TSLA | 0.0000% | 8h | 375.34 | −0.026% | $1.8M | $1.2M | — | as long as short |
edgeX TSLAUSDC
Nado TSLA-PERP
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
Gate TSLA_USDT
Bitget TSLAUSDT
Variational Omni TSLAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX TSLA-USD | 0.0000% | 1h | 375.41 | −0.007% | $199K | $899K | 20x | as long as short |
| Bullet TSLA-USD | 0.0000% | 1h | 375.45 | +0.003% | $5K | $91K | 10x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 375.40 | −0.010% | $20K | $187K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 375.38 | −0.015% | $1.1M | $13K | 10x | as long as short |
| Aftermath Perps TSLAUSD | +0.0012% | 1h | 375.17 | −0.070% | $38K | $48K | 10x | as long as short |
| BloFin TSLA-USDT | +0.0012% | 8h | 375.43 | −0.002% | $523K | $341K | 20x | as long as short |
| QFEX TSLA-USD | +0.0031% | 1h | 375.35 | −0.023% | $1.2M | $7.2M | 10x | as long as short |
| Lighter TSLA | +0.0032% | 1h | 375.38 | −0.015% | $652K | $3.3M | 20x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 375.41 | −0.007% | $1.2M | $2.6M | 20x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 375.42 | −0.004% | — | $133K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 375.23 | −0.055% | $44.2M | $14.7M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 375.19 | −0.066% | $297K | $292K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 375.37 | −0.018% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 375.09 | −0.092% | $1.6M | $1.0M | 10x | as long as short |
| Hotstuff TSLA-PERP | +0.0064% | 1h | 375.17 | −0.071% | $34K | — | 20x | as long as short |
| Arcus TSLA-USD | +0.0083% | 1h | 375.26 | −0.047% | $153K | $84K | 10x | as long as short |
| RISEx TSLA/USDC | +0.0085% | 1h | 375.43 | −0.002% | $185K | $536K | 20x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 375.27 | −0.044% | $389K | $38K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 375.13 | −0.082% | $1.5M | $160K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 375.21 | −0.060% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 375.24 | −0.052% | $41K | $21K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 375.35 | −0.022% | $743 | — | 10x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0120% | 1h | 375.11 | −0.087% | $529K | $328K | 10x | as long as short |
| GRVT TSLA_USDT_Perplong | +0.0122% | 8h | 375.44 | long leg | $848K | $2.7M | 10x | |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 376.07 | +0.169% | $78K | $36K | 30x | as long as short |
| Phoenix TSLAshort | +0.0362% | 1h | 375.45 | +0.004% | $1.3M | $547K | 20x |
StandX TSLA-USD
Bullet TSLA-USD
Deribit TSLA_USDC-PERPETUAL
Phemex TSLAUSDT
Aftermath Perps TSLAUSD
BloFin TSLA-USDT
QFEX TSLA-USD
Lighter TSLA
Lighter RH TSLA
Vest TSLA-USD-PERP
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
Hotstuff TSLA-PERP
Arcus TSLA-USD
RISEx TSLA/USDC
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
Coinbase International TSLA-PERP-INTX
Injective TSLA/USDC PERP