Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.053%

Price spread now: Phemex against Hotstuff+0.080%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 Phemex

What this pair did over the last

the charts below follow

Funding, last 4 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. Phemex is 0.080% dearer against Hotstuff than usual: you sell high and buy low (spread +0.080% 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 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	376.89	0.0072	pay 0.0009% / 1h	12m 30s	$34K	—	20x
Short	Phemex TSLAUSDT	377.19	0	get 0.0000% / 4h	1h 12m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$15.12
Price spread: +0.080% → 0.000%: $7.96
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.16
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Phemex: 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 Phemex live order book, 5 min ago	1.86 bp	30.9 bp −$31	doesn't fit	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	−0.0782%	4h	377.29	+0.105%	$399K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0012%	8h	377.20	+0.082%	$578K	$354K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.24	+0.092%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.05	+0.043%	$484K	$6.1M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.15	+0.069%	$47.4M	$110.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.19	+0.080%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.13	+0.064%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.20	+0.084%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.09	+0.053%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.24	+0.093%	$1.9M	$1.4M	—	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	377.23	+0.090%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.01	+0.032%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	+0.040%	$513K	$331K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.19	+0.080%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0013%	1h	377.19	+0.080%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.13	+0.064%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.11	+0.058%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.02	+0.034%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.11	+0.058%	—	$130K	25x	as long as short
GRVT TSLA_USDT_Perp	+0.0046%	8h	377.40	+0.135%	$846K	$2.8M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.82	−0.019%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.02	+0.034%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.12	+0.061%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.02	+0.034%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0064%	1h	377.10	+0.056%	$820K	$3.6M	20x	as long as short
Hotstuff TSLA-PERPlong	+0.0072%	1h	376.89	long leg	$34K	—	20x
Bullet TSLA-USD	+0.0097%	1h	377.16	+0.072%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.06	+0.045%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.98	+0.024%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.03	+0.037%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.19	+0.080%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.09	+0.054%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0125%	8h	377.17	+0.074%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0178%	1h	376.99	+0.026%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.09	+0.318%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.17	+0.074%	$1.3M	$539K	20x	as long as short