Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.029%

Price spread now: Binance against Lighter−0.003%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$130.126% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 2 days (all we have)+0.022%+$2 · spread now −0.003%, 7d avg +0.001%

Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	377.23	0.0032	pay 0.0004% / 1h	3m 24s	$823K	$3.6M	20x
Short	Binance TSLAUSDT	377.22	0	get 0.0000% / 8h	6h 03m	$47.3M	$110.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$6.72
Price spread: −0.003% → +0.001%: −$0.34
Slippage, 4 orders: −$2.63
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.69
Costs to cover: 0.126%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 10 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 Lighter live order book, 4 min ago	0.66 bp	0.7 bp −$1	2.3 bp −$23	28.1 bp −$2,812	doesn't fit
Sell Binance live order book, 10 min ago	0.13 bp	5.2 bp −$5	7.3 bp −$73	26.1 bp −$2,614	doesn't fit

TSLA on 35 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	−0.0751%	4h	377.35	+0.033%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	+0.027%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.29	+0.015%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.15	−0.021%	$481K	$8.7M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	377.22	−0.003%	$47.3M	$110.5M	25x
Bybit TSLAUSDT	0.0000%	8h	377.33	+0.027%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.20	−0.008%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.29	+0.016%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.17	−0.016%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.33	+0.026%	$1.9M	$1.4M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	377.36	+0.035%	$852K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.25	+0.005%	$200K	$908K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.24	+0.003%	$5K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.03	−0.053%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.28	+0.013%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0007%	1h	377.21	−0.005%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.22	−0.003%	$1.2M	$6.6M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	377.23	long leg	$823K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	377.27	+0.011%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.19	−0.011%	$161K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.30	+0.019%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0049%	1h	376.97	−0.069%	$44.3M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.08	−0.040%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.17	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.03	−0.053%	$1.5M	$1.1M	10x	as long as short
Gate TSLA_USDT	+0.0070%	8h	377.18	−0.013%	$2.3M	$3.8M	100x	as long as short
Hotstuff TSLA-PERP	+0.0096%	1h	376.97	−0.069%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0099%	1h	377.11	−0.032%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.13	−0.027%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.17	−0.016%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.28	+0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.21	−0.005%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.13	−0.027%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.46	+0.326%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.38	+0.040%	$1.3M	$539K	20x	as long as short