TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.051%

Price spread now: Phoenix against Lighter+0.016%74s7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs+$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.207% of the position

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.548%+$55 on $10k

Price spread, last 7 days+0.121%+$12 · spread now +0.016%, 7d avg +0.078%

Together, before fees+0.669%+ Points / potential airdropLighter: Season 3 · farm board+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.062% cheaper against Lighter than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.078%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$11 a day). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.16	0.0032	pay 0.0004% / 1h	8m 00s	$648K	$3.4M	20x
Short	Phoenix TSLA	375.22	0.0384	get 0.0048% / 1h	8m 00s	$1.3M	$458K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.016%Rate

Funding earned: $73.83
Price spread: +0.016% → +0.078%: −$6.16
Slippage, 4 orders: −$13.69
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $46.98
Costs to cover: 0.207%
Break-even: 2.5 days

Slippage from Lighter: live order book, 9 min ago; Phoenix: live order book, just now.

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, 9 min ago	0.40 bp	0.5 bp −$1	1.2 bp −$12	86.1 bp −$8,611	doesn't fit
Sell Phoenix live order book, just now	2.66 bp	9.6 bp −$10	19.2 bp −$192	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	−0.0342%	4h	375.18	+0.004%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	−0.013%	$587K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.12	−0.011%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.17	+0.003%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.11	−0.013%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.17	+0.003%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	+0.011%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.12	−0.011%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.18	+0.004%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.18	+0.005%	$199K	$899K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.21	+0.013%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.02	−0.037%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.14	−0.005%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	0.0000%	8h	375.21	+0.013%	$571K	$339K	20x	as long as short
Nado TSLA-PERP	+0.0002%	1h	374.98	−0.049%	$484K	$90K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.039%	$38K	$49K	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	375.16	long leg	$648K	$3.4M	20x
Lighter RH TSLA	+0.0032%	1h	375.19	+0.008%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.10	−0.016%	—	$133K	25x	as long as short
QFEX TSLA-USD	+0.0046%	1h	375.12	−0.011%	$1.2M	$7.1M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.92	−0.064%	$43.5M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.96	−0.053%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.14	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.077%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0088%	1h	374.91	−0.067%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.07	−0.025%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.02	−0.037%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.02	−0.037%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.96	−0.053%	$41K	$20K	20x	as long as short
RISEx TSLA/USDC	+0.0103%	1h	375.25	+0.023%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.17	+0.003%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.26	+0.027%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	−0.013%	$529K	$332K	10x	as long as short
Arcus TSLA-USD	+0.0188%	1h	375.04	−0.032%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.11	+0.253%	$78K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0384%	1h	375.22	+0.016%	$1.3M	$458K	20x