Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.042%

Price spread now: Phemex against Lighter+0.011%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.011%, 7d avg +0.015%

Together, before fees−0.119%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	377.44	0.0032	pay 0.0004% / 1h	54m 02s	$824K	$3.6M	20x
Short	Phemex TSLAUSDT	377.48	0	get 0.0000% / 4h	1h 54m	$1.1M	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$6.72
Price spread: +0.011% → +0.015%: −$0.46
Slippage, 4 orders: −$54.76
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$73.95
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago	0.26 bp	0.5 bp $0	1.7 bp −$17	46.6 bp −$4,656	doesn't fit
Sell Phemex live order book, 4 min ago	0.53 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit

TSLA on 35 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	−0.0095%	4h	377.37	−0.019%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.48	+0.011%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.35	−0.024%	$479K	$8.1M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.49	+0.013%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.54	+0.026%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.40	−0.011%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.50	+0.016%	$290K	$598K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.38	−0.016%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.45	+0.003%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.57	+0.034%	$853K	$2.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.38	−0.016%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.37	−0.019%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	−0.029%	$513K	$328K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.48	+0.011%	$1.1M	$15K	10x
Aftermath Perps TSLAUSD	+0.0008%	1h	377.29	−0.039%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.36	−0.021%	$1.2M	$6.6M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	377.44	long leg	$824K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	377.47	+0.008%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.32	−0.032%	$161K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.47	+0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.14	−0.079%	$44.4M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.27	−0.045%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.39	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.33	−0.029%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0051%	1h	377.46	+0.004%	$5K	$92K	10x	as long as short
Gate TSLA_USDT	+0.0088%	8h	377.47	+0.008%	$2.3M	$3.7M	100x	as long as short
Hotstuff TSLA-PERP	+0.0096%	1h	377.16	−0.074%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.33	−0.029%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.30	−0.037%	$1.5M	$104K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.34	−0.026%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.40	−0.011%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.36	−0.020%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0135%	1h	377.36	−0.022%	$491K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.20	+0.201%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.44	0.000%	$1.3M	$539K	20x	as long as short