Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.033%

Price spread now: OKX against Lighter+0.016%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$140.142% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.016%, 7d avg +0.046%

Together, before fees−0.076%+ 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 OKX is 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.94	0.0176	pay 0.0022% / 1h	0m 58s	$821K	$3.7M	20x
Short	OKX TSLA-USDT-SWAP	376.00	0	get 0.0000% / 8h	1h 00m	$11.2M	$16.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$36.96
Price spread: +0.016% → +0.046%: −$2.99
Slippage, 4 orders: −$4.16
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.11
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; OKX: 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	0.53 bp	0.8 bp −$1	2.4 bp −$24	22.8 bp −$2,279	doesn't fit
Sell OKX live order book, 2 min ago	0.13 bp	6.8 bp −$7	11.9 bp −$119	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	−0.0756%	4h	375.78	−0.042%	$397K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	375.60	−0.090%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.05	+0.028%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.05	+0.029%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	376.00	+0.016%	$11.2M	$16.9M	25x
Gate TSLA_USDT	0.0000%	8h	376.07	+0.035%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.95	+0.003%	$17.2M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.81	−0.035%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.02	+0.021%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.97	+0.008%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSLA-USDT	+0.0010%	8h	376.05	+0.029%	$577K	$355K	20x	as long as short
Extended TSLA_24_5-USD	+0.0024%	1h	375.91	−0.007%	$480K	$2.8M	10x	as long as short
Binance TSLAUSDT	+0.0024%	8h	376.03	+0.024%	$47.1M	$113.4M	25x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.70	−0.064%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.92	−0.005%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.68	−0.069%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.85	−0.024%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.73	−0.056%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.80	−0.037%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.92	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.62	−0.085%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.91	−0.008%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.65	−0.077%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.77	−0.045%	$1.4M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.59	−0.093%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.67	−0.072%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.94	+0.001%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.066%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.00	+0.017%	$214K	$644K	20x	as long as short
Lighter TSLAlong	+0.0176%	1h	375.94	long leg	$821K	$3.7M	20x
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.958%	$79K	$37K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0243%	8h	375.93	−0.003%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0263%	1h	376.01	+0.019%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0285%	1h	375.70	−0.065%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.90	−0.011%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0442%	1h	375.90	−0.011%	$18K	$194K	10x	as long as short