Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.017%

Price spread now: QFEX against KuCoin+0.021%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1821.824% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$3 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.021%, 7d avg +0.003%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$2 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	376.05	0.0100	pay 0.0100% / 8h	7h 52m	$1.5M	$158K	20x
Short	QFEX TSLA-USD	376.13	0.0028	get 0.0004% / 1h	52m 40s	$1.2M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$15.1
Price spread: +0.021% → +0.003%: $1.86
Slippage, 4 orders: −$160.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$195.64
Costs to cover: 1.824%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; QFEX: live order book, 11 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, 3 min ago	2.66 bp	90.4 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	2.26 bp	7.3 bp −$7	7.3 bp −$73	10.8 bp −$1,077	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	−0.0837%	4h	375.99	−0.016%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	376.27	+0.059%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.08	+0.007%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.19	+0.037%	$477K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.27	+0.060%	$47.0M	$109.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.24	+0.051%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.18	+0.035%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.24	+0.051%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.12	+0.019%	$16.8M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.11	+0.017%	$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
GRVT TSLA_USDT_Perp	0.0000%	8h	376.11	+0.015%	$849K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	376.17	+0.032%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.06	+0.003%	$20K	$185K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.20	+0.040%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.82	−0.061%	$38K	$47K	10x	as long as short
QFEX TSLA-USDshort	+0.0028%	1h	376.13	+0.021%	$1.2M	$7.2M	10x
Lighter TSLA	+0.0032%	1h	376.18	+0.035%	$653K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.21	+0.043%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.97	−0.021%	$165K	$91K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.18	+0.035%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.250%	$529K	$318K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.88	−0.045%	$1.6M	$1.0M	10x	as long as short
SoDEX TSLA-USD	+0.0062%	1h	376.14	+0.024%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.31	+0.068%	$291K	$597K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.96	−0.025%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	376.05	long leg	$1.5M	$158K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	375.67	−0.101%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.24	+0.051%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.82	−0.060%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0118%	1h	376.07	+0.005%	$491K	$111K	20x	as long as short
Polymarket Perps TSLA-USD	+0.0145%	1h	376.05	0.000%	$298K	$308K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.75	+0.186%	$78K	$36K	30x	as long as short
tradeXYZ xyz:TSLA	+0.0255%	1h	376.03	−0.005%	$44.3M	$14.3M	20x	as long as short
Phoenix TSLA	+0.0277%	1h	376.06	+0.003%	$1.3M	$547K	20x	as long as short
Bullet TSLA-USD	+0.0481%	1h	376.31	+0.069%	$5K	$91K	10x	as long as short
Hotstuff TSLA-PERP	+0.0528%	1h	376.00	−0.013%	$34K	—	20x	as long as short