TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.017%

Price spread now: Deribit against Lighter−0.027%7-day average −0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.115%+$12 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.027%, 7d avg −0.005%

Together, before fees+0.117%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.022% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.115%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.03	0.0032	pay 0.0004% / 1h	16m 01s	$648K	$3.3M	20x
Short	Deribit TSLA_USDC-PERPETUAL	374.93	0	get 0.0000% / 1h	16m 01s	$20K	$186K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$6.72
Price spread: −0.027% → −0.005%: −$2.21
Slippage, 4 orders: −$7.6
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.53
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Deribit: live order book, 2 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	0.13 bp	0.1 bp $0	0.8 bp −$8	33.5 bp −$3,349	doesn't fit
Sell Deribit live order book, 2 min ago	0.13 bp	8.6 bp −$9	13.0 bp −$130	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	−0.0429%	4h	375.17	+0.038%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.12	+0.025%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	374.96	−0.018%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.04	+0.002%	$46.8M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.19	+0.043%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.06	+0.008%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.19	+0.041%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.04	+0.003%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	374.96	−0.019%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	+0.042%	$1.8M	$1.2M	—	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	375.11	+0.021%	$199K	$897K	20x	as long as short
Deribit TSLA_USDC-PERPETUALshort	0.0000%	1h	374.93	−0.027%	$20K	$186K	10x
Phemex TSLAUSDT	0.0000%	4h	375.09	+0.016%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0006%	8h	375.06	+0.008%	$568K	$341K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.00	−0.009%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.05	+0.005%	$1.2M	$7.2M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	375.03	long leg	$648K	$3.3M	20x
Lighter RH TSLA	+0.0032%	1h	375.08	+0.013%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	374.96	−0.019%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	374.99	−0.011%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.83	−0.053%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.88	−0.040%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	374.99	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.81	−0.059%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0053%	1h	375.06	+0.008%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0062%	1h	374.90	−0.033%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.84	−0.051%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	374.91	−0.032%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	+0.005%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.90	−0.035%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	374.99	−0.011%	$742	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0124%	8h	375.27	+0.064%	$847K	$2.7M	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	374.79	−0.064%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.021%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.16	+0.301%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.32	+0.077%	$1.3M	$522K	20x	as long as short