Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.038%

Price spread now: Bybit against Lighter+0.013%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.013%, 7d avg +0.052%

Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.60	0.0152	pay 0.0019% / 1h	31m 43s	$819K	$3.7M	20x
Short	Bybit TSLAUSDT	375.65	0	get 0.0000% / 8h	1h 31m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$31.92
Price spread: +0.013% → +0.052%: −$3.84
Slippage, 4 orders: −$5.56
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.32
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Bybit: live order book, 7 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, 6 min ago	0.53 bp	0.7 bp −$1	2.9 bp −$29	52.1 bp −$5,205	doesn't fit
Sell Bybit live order book, 7 min ago	0.13 bp	7.9 bp −$8	10.9 bp −$109	143.6 bp −$14.4K	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	−0.0397%	4h	375.74	+0.037%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	0.0000%	8h	375.74	+0.037%	$578K	$355K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.71	+0.030%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.62	+0.005%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.69	+0.024%	$47.1M	$113.4M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.65	+0.013%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.72	+0.032%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.67	+0.019%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.65	+0.013%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.70	+0.026%	$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
StandX TSLA-USD	0.0000%	1h	375.68	+0.021%	$199K	$919K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.70	+0.027%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0025%	1h	375.62	+0.005%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.57	−0.008%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.35	−0.067%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.48	−0.032%	$134K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.52	−0.021%	—	$121K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.37	−0.061%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.56	−0.011%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.56	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.32	−0.075%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.66	+0.016%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.57	−0.008%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.41	−0.051%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.45	−0.040%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.36	−0.064%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.59	−0.004%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.194%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.70	+0.027%	$214K	$643K	20x	as long as short
Lighter TSLAlong	+0.0152%	1h	375.60	long leg	$819K	$3.7M	20x
GRVT TSLA_USDT_Perp	+0.0201%	8h	375.85	+0.066%	$846K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.57	+1.057%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0228%	1h	375.66	+0.017%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0256%	1h	375.52	−0.021%	$18K	$194K	10x	as long as short
Nado TSLA-PERP	+0.0292%	1h	375.37	−0.060%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.78	+0.048%	$1.3M	$528K	20x	as long as short