Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.057%

Price spread now: QFEX against GRVT−0.088%7-day average −0.055% · 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−$29as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.066%−$7 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.088%, 7d avg −0.055%

Together, before fees−0.055%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.033% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.066% in total (about -6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSLA_USDT_Perp	376.64	0.0291	pay 0.0291% / 8h	21m 30s	$856K	$2.8M	10x
Short	QFEX TSLA-USD	376.31	0.0067	get 0.0008% / 1h	21m 30s	$1.2M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$47.05
Price spread: −0.088% → −0.055%: −$3.31
Slippage, 4 orders: −$6.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$75.96
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; QFEX: live order book, 7 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	0.27 bp	5.6 bp −$6	13.7 bp −$137	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.59 bp	6.6 bp −$7	6.8 bp −$68	13.3 bp −$1,332	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	−0.0659%	4h	376.39	−0.065%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.43	−0.056%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	−0.058%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.39	−0.066%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.37	−0.072%	$17.2M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.064%	$200K	$920K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.39	−0.066%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0014%	8h	376.21	−0.113%	$574K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.27	−0.098%	$1.3M	$2.5M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.47	−0.044%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.25	−0.104%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.28	−0.096%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.34	−0.080%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.22	−0.112%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.26	−0.101%	$4K	$3K	10x	as long as short
Variational Omni TSLA	+0.0050%	8h	376.53	−0.030%	$1.9M	$1.2M	—	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.21	−0.114%	$1.6M	$1.1M	10x	as long as short
BloFin TSLA-USDT	+0.0065%	8h	376.32	−0.085%	$581K	$354K	20x	as long as short
QFEX TSLA-USDshort	+0.0067%	1h	376.31	−0.088%	$1.2M	$6.1M	10x
Binance TSLAUSDT	+0.0080%	8h	376.41	−0.062%	$47.1M	$113.7M	25x	as long as short
Extended TSLA_24_5-USD	+0.0080%	1h	376.30	−0.092%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.09	−0.146%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.20	−0.117%	$1.5M	$1.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.13	−0.135%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.12	−0.138%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.29	−0.093%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	376.11	−0.141%	$34K	—	20x	as long as short
Lighter TSLA	+0.0152%	1h	376.30	−0.090%	$820K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.252%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.839%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0229%	1h	376.19	−0.119%	$18K	$195K	10x	as long as short
Bullet TSLA-USD	+0.0256%	1h	376.33	−0.082%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.46	−0.048%	$215K	$651K	20x	as long as short
Nado TSLA-PERP	+0.0284%	1h	376.08	−0.147%	$489K	$111K	20x	as long as short
GRVT TSLA_USDT_Perplong	+0.0291%	8h	376.64	long leg	$856K	$2.8M	10x
Phoenix TSLA	+0.0404%	1h	376.43	−0.056%	$1.3M	$525K	20x	as long as short