Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.050%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1351.349% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.050%, 7d avg +0.040%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSLAUSDTM	376.39	0.0100	pay 0.0100% / 8h	4h 13m	$1.5M	$105K	20x
Short	Phemex TSLAUSDT	376.58	0	get 0.0000% / 4h	13m 39s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21
Price spread: +0.050% → +0.040%: $1.07
Slippage, 4 orders: −$110.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$154.84
Costs to cover: 1.349%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Phemex: live order book, 4 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 KuCoin live order book, 2 min ago	2.26 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.26 bp	32.0 bp −$32	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	−0.0790%	4h	376.49	+0.025%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.54	+0.040%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.39	0.000%	$481K	$3.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.49	+0.027%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.54	+0.040%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.54	+0.040%	$11.3M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.52	+0.034%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.28	−0.029%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.49	+0.027%	$17.0M	$23.0M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.50	+0.029%	$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	376.58	+0.050%	$200K	$907K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.37	−0.005%	$20K	$189K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.58	+0.050%	$1.1M	$14K	10x
BloFin TSLA-USDT	+0.0012%	8h	376.62	+0.061%	$578K	$352K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.52	+0.033%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.48	+0.024%	$815K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.47	+0.021%	$1.2M	$2.6M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.43	+0.011%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.38	−0.003%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.53	+0.037%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.22	−0.045%	$44.3M	$14.5M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.38	−0.003%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.48	+0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.20	−0.050%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0051%	1h	376.59	+0.052%	$4K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0056%	8h	376.67	+0.074%	$854K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	+0.016%	$512K	$330K	10x	as long as short
Gate TSLA_USDT	+0.0071%	8h	376.52	+0.035%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.44	+0.013%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	376.39	long leg	$1.5M	$105K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.43	+0.011%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.37	−0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.47	+0.023%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0148%	1h	376.40	+0.004%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.345%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.75	+0.096%	$1.3M	$539K	20x	as long as short