Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.031%

Price spread now: BloFin against Lighter−0.003%450s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.136% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.003%, 7d avg +0.021%

Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 450 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	376.99	0.0032	pay 0.0004% / 1h	41m 23s	$829K	$3.6M	20x
Short	BloFin TSLA-USDT	376.98	−0.0027	pay 0.0027% / 8h	6h 41m	$576K	$341K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$12.39
Price spread: −0.003% → +0.021%: −$2.41
Slippage, 4 orders: −$1.56
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.36
Costs to cover: 0.136%
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; BloFin: live order book, 25 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, 11 min ago	0.13 bp	0.1 bp $0	1.7 bp −$17	42.1 bp −$4,208	doesn't fit
Sell BloFin live order book, 25 min ago	0.13 bp	6.2 bp −$6	8.2 bp −$82	21.6 bp −$2,158	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	−0.0735%	4h	376.86	−0.035%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDTshort	−0.0027%	8h	376.98	−0.003%	$576K	$341K	20x
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	376.58	−0.109%	$512K	$327K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.93	−0.016%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.90	−0.025%	$480K	$10.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.97	−0.005%	$47.2M	$109.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.06	+0.019%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.92	−0.019%	$11.2M	$16.7M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.00	+0.001%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.96	−0.008%	$2.4M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.91	−0.021%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.93	−0.017%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.88	−0.029%	$200K	$906K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.98	−0.003%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.85	−0.037%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.97	−0.005%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	376.89	−0.026%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.87	−0.032%	$1.2M	$6.7M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	376.99	long leg	$829K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	377.00	+0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.79	−0.053%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.02	+0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0047%	1h	376.72	−0.072%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.81	−0.048%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.90	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.79	−0.053%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.74	−0.066%	$34K	—	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0085%	8h	377.01	+0.006%	$852K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0091%	1h	376.88	−0.029%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.85	−0.037%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.57	−0.111%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.94	−0.013%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.91	−0.021%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.88	−0.028%	$746	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.50	+0.135%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.92	−0.019%	$1.3M	$539K	20x	as long as short