Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Phemex against Injective−1.112%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 1.112% cheaper against Injective than usual: you would sell low and buy high (−$111 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TSLA/USDC PERP	379.64	0.0220	pay 0.0028% / 1h	34m 36s	$79K	$37K	30x
Short	Phemex TSLAUSDT	375.42	0	get 0.0000% / 4h	3h 34m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Injective. 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 InjectivebpFee PhemexbpOrdersPrice spread, now −1.112%Rate

Funding earned: −$46.2
Price spread: −1.112% → 0.000%: −$111.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$169.38
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Phemex: live order book, 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 Injective no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	2.13 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0761%	4h	375.83	−1.003%	$397K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.29	−1.146%	$10.1M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.40	−1.117%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.39	−1.119%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.30	−1.143%	$17.2M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.43	−1.109%	$199K	$934K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.30	−1.143%	$18K	$191K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	375.42	−1.112%	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0007%	8h	375.56	−1.074%	$573K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0029%	1h	375.55	−1.077%	$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
Lighter TSLA	+0.0032%	1h	375.34	−1.133%	$803K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.32	−1.138%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.21	−1.167%	$134K	$107K	10x	as long as short
Variational Omni TSLA	+0.0042%	8h	375.42	−1.111%	$1.8M	$1.3M	—	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.42	−1.112%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.40	−1.117%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.13	−1.188%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.15	−1.183%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.30	−1.143%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.45	−1.104%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0064%	1h	375.48	−1.097%	$5K	$92K	10x	as long as short
Binance TSLAUSDT	+0.0066%	8h	375.38	−1.123%	$47.0M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	375.28	−1.148%	$481K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0091%	8h	375.48	−1.096%	$580K	$358K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0099%	8h	375.91	−0.983%	$850K	$2.9M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.18	−1.175%	$388K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.41	−1.114%	$1.5M	$2.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.45	−1.104%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.31	−1.141%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.36	−1.126%	$743	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	375.34	−1.133%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0158%	1h	375.30	−1.143%	$497K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.49	−1.093%	$506K	$352K	10x	as long as short
Injective TSLA/USDC PERPlong	+0.0220%	1h	379.64	long leg	$79K	$37K	30x
RISEx TSLA/USDC	+0.0290%	1h	375.42	−1.112%	$214K	$654K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.66	−1.048%	$1.3M	$507K	20x	as long as short