Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.053%

Price spread now: tradeXYZ against GRVT−0.109%106s7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$330.333% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.109%, 7d avg −0.088%

Together, before fees+0.081%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.020% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.088%). Swap the legs. The two prices were read 106 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	376.73	0.0060	pay 0.0060% / 8h	4h 37m	$845K	$2.8M	10x
Short	tradeXYZ xyz:TSLA	376.32	0.0050	get 0.0006% / 1h	37m 49s	$44.3M	$14.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$2.1
Price spread: −0.109% → −0.088%: −$2
Slippage, 4 orders: −$6.31
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.41
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; tradeXYZ: live order book, 12 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	5.0 bp −$5	10.3 bp −$103	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.27 bp	10.6 bp −$11	doesn't fit	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	−0.0268%	4h	376.63	−0.025%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0008%	8h	376.69	−0.010%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.49	−0.063%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.41	−0.086%	$480K	$4.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.54	−0.051%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.57	−0.042%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.48	−0.066%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.68	−0.012%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.35	−0.101%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.46	−0.071%	$17.0M	$23.1M	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	376.64	−0.025%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.59	−0.037%	$200K	$907K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.57	−0.042%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.52	−0.057%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.50	−0.061%	$816K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.54	−0.050%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.57	−0.042%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.109%	$162K	$96K	10x	as long as short
Bullet TSLA-USD	+0.0044%	1h	376.61	−0.032%	$6K	$92K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.66	−0.018%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	376.32	−0.109%	$44.3M	$14.4M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	376.39	−0.090%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.46	−0.071%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.46	−0.071%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.074%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perplong	+0.0060%	8h	376.73	long leg	$845K	$2.8M	10x
Deribit TSLA_USDC-PERPETUAL	+0.0095%	1h	376.57	−0.042%	$20K	$188K	10x	as long as short
Gate TSLA_USDT	+0.0097%	8h	376.55	−0.047%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.50	−0.062%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.45	−0.074%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.62	−0.029%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.52	−0.055%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.52	−0.056%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.54	−0.050%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.255%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.81	+0.022%	$1.3M	$539K	20x	as long as short