Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.065%

Price spread now: Variational Omni against Hotstuff+0.041%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.041% dearer against Hotstuff than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	375.47	0.0040	pay 0.0005% / 1h	1m 18s	$34K	—	20x
Short	Variational Omni TSLA	375.62	0	get 0.0000% / 8h	1m 18s	$1.9M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.041%Rate

Funding earned: −$8.4
Price spread: +0.041% → 0.000%: $4.11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.29
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.01 bp	doesn't fit	7.3 bp −$73	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	−0.0922%	4h	375.73	+0.069%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0019%	8h	375.66	+0.051%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.64	+0.045%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.62	+0.039%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.69	+0.059%	$46.9M	$110.2M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.75	+0.075%	$10.1M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.66	+0.051%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.66	+0.051%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.62	+0.040%	$16.6M	$22.6M	100x	as long as short
Variational Omni TSLAshort	0.0000%	8h	375.62	+0.041%	$1.9M	$1.3M	—

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	375.71	+0.064%	$199K	$895K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.54	+0.019%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.74	+0.072%	$1.1M	$13K	10x	as long as short
Bullet TSLA-USD	+0.0002%	1h	375.66	+0.051%	$5K	$91K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.64	+0.045%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.56	+0.024%	$1.2M	$7.3M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.64	+0.045%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.68	+0.056%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERPlong	+0.0040%	1h	375.47	long leg	$34K	—	20x
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	+0.056%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.50	+0.008%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.50	+0.008%	$297K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.62	+0.040%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.33	−0.037%	$1.6M	$1.0M	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.54	+0.019%	$165K	$95K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.71	+0.064%	$254K	$577K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.56	+0.024%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.56	+0.024%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.59	+0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.57	+0.027%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.63	+0.041%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0114%	1h	375.60	+0.034%	$493K	$110K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.096%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0144%	8h	375.87	+0.106%	$849K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.78	+0.349%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.75	+0.075%	$1.3M	$547K	20x	as long as short