Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.067%

Price spread now: Phoenix against KuCoin+0.114%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.486%+$49 on $10k

Price spread, last 7 days+0.055%+$5 · spread now +0.114%, 7d avg +0.077%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.037% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSLAUSDTM	376.44	0.0100	pay 0.0100% / 8h	37m 19s	$1.5M	$335K	20x
Short	Phoenix TSLA	376.87	0.0404	get 0.0051% / 1h	37m 19s	$1.3M	$525K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.114%Rate

Funding earned: $63.86
Price spread: +0.114% → +0.077%: $3.7
Slippage, 4 orders: −$88.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$39.85
Costs to cover: 1.074%
Break-even: 11.4 days

Slippage from KuCoin: live order book, 8 min ago; Phoenix: live order book, 6 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, 8 min ago	2.92 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 6 min ago	2.92 bp	10.1 bp −$10	20.6 bp −$206	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	−0.0142%	4h	376.58	+0.038%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.38	−0.016%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.43	−0.002%	$575K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.70	+0.069%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.72	+0.074%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.72	+0.074%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.63	+0.050%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.011%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.70	+0.069%	$1.1M	$14K	10x	as long as short
Variational Omni TSLA	+0.0027%	8h	376.76	+0.085%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0031%	1h	376.53	+0.025%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	+0.048%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.47	+0.008%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.55	+0.029%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.45	+0.003%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.51	+0.019%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.66	+0.058%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.44	0.000%	$1.6M	$1.1M	10x	as long as short
BloFin TSLA-USDT	+0.0060%	8h	376.76	+0.085%	$577K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0063%	8h	376.76	+0.085%	$47.2M	$113.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	376.65	+0.056%	$480K	$2.7M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.58	+0.037%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.29	−0.040%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	376.44	long leg	$1.5M	$335K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.029%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.67	+0.061%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.65	+0.055%	$746	—	10x	as long as short
Lighter TSLA	+0.0168%	1h	376.66	+0.058%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.199%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.893%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.73	+0.077%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0264%	1h	376.72	+0.073%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0278%	8h	376.78	+0.090%	$851K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0283%	1h	376.34	−0.027%	$489K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0388%	1h	376.60	+0.043%	$18K	$195K	10x	as long as short
Phoenix TSLAshort	+0.0404%	1h	376.87	+0.114%	$1.3M	$525K	20x