Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.054%

Price spread now: Bybit against Hotstuff+0.083%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.083% dearer against Hotstuff than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	375.03	0.0072	pay 0.0009% / 1h	33m 15s	$34K	—	20x
Short	Bybit TSLAUSDT	375.34	0	get 0.0000% / 8h	1h 33m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hotstuff. 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 HotstuffbpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$15.12
Price spread: +0.083% → 0.000%: $8.27
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.85
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.13 bp	6.8 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0417%	4h	375.14	+0.030%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.25	+0.058%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.16	+0.034%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.22	+0.050%	$46.9M	$109.9M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.34	+0.083%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.20	+0.045%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.30	+0.072%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	+0.045%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.15	+0.032%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.17	+0.038%	$1.8M	$1.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	375.20	+0.045%	$199K	$898K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.21	+0.048%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	375.12	+0.023%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0023%	8h	375.23	+0.053%	$569K	$340K	20x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.16	+0.035%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.18	+0.040%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.24	+0.056%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.11	+0.021%	$153K	$84K	10x	as long as short
Bullet TSLA-USD	+0.0044%	1h	375.21	+0.048%	$5K	$90K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.14	+0.029%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.01	−0.005%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.00	−0.008%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.15	+0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.94	−0.024%	$1.6M	$1.0M	10x	as long as short
Nado TSLA-PERP	+0.0061%	1h	375.04	+0.003%	$484K	$90K	20x	as long as short
Hotstuff TSLA-PERPlong	+0.0072%	1h	375.03	long leg	$34K	—	20x
Pacifica TSLA	+0.0100%	1h	375.00	−0.008%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.06	+0.008%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.08	+0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.07	+0.011%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.15	+0.033%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.28	+0.067%	$840K	$2.7M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.021%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.28	+0.333%	$78K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0230%	1h	375.20	+0.045%	$20K	$186K	10x	as long as short
Phoenix TSLA	+0.0277%	1h	375.37	+0.091%	$1.3M	$522K	20x	as long as short