Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0744%/8h= −81.4% APRpaid last 24h −0.233%

Price spread now: edgeX against Lighter−0.004%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

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

costs, in and out, $10k−$190.190% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.004%, 7d avg +0.008%

Together, before fees−0.174%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.74	0.0128	pay 0.0016% / 1h	26m 57s	$829K	$3.7M	20x
Short	edgeX TSLAUSDC	375.72	−0.0616	pay 0.0308% / 4h	2h 26m	$397K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$156.14
Price spread: −0.004% → +0.008%: −$1.19
Slippage, 4 orders: −$10.03
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$176.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; edgeX: 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	0.40 bp	0.5 bp $0	2.4 bp −$24	30.6 bp −$3,062	doesn't fit
Sell edgeX live order book, 2 min ago	4.26 bp	9.1 bp −$9	12.3 bp −$123	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 TSLAUSDCshort	−0.0616%	4h	375.72	−0.004%	$397K	$1.0M	10x
BloFin TSLA-USDT	−0.0003%	8h	375.76	+0.005%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.83	+0.024%	$575K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.66	−0.022%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.77	+0.007%	$47.0M	$112.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.70	−0.011%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.73	−0.003%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.71	−0.008%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.75	+0.002%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.75	+0.003%	$199K	$917K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.63	−0.029%	$18K	$193K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.76	+0.005%	$1.1M	$14K	10x	as long as short
Gate TSLA_USDT	+0.0007%	8h	375.77	+0.008%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	375.57	−0.045%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.68	−0.016%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.48	−0.069%	$134K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.70	−0.011%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.49	−0.067%	$44.4M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.62	−0.032%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.67	−0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.39	−0.093%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.70	−0.011%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	375.73	−0.003%	$217K	$618K	20x	as long as short
Hotstuff TSLA-PERP	+0.0088%	1h	375.45	−0.077%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.55	−0.050%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.62	−0.032%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.53	−0.056%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.76	+0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.68	−0.017%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.104%	$511K	$337K	10x	as long as short
Lighter TSLAlong	+0.0128%	1h	375.74	long leg	$829K	$3.7M	20x
GRVT TSLA_USDT_Perp	+0.0161%	8h	375.74	0.000%	$852K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0167%	1h	375.72	−0.005%	$4K	$89K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.71	+1.057%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0255%	1h	375.60	−0.039%	$487K	$113K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	375.88	+0.037%	$1.3M	$528K	20x	as long as short