Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.032%

Price spread now: Variational Omni against Lighter−0.076%7-day average +0.035% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.055%−$6 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.076%, 7d avg +0.035%

Together, before fees+0.037%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$4 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 Variational Omni is 0.111% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	376.70	0.0032	pay 0.0004% / 1h	42m 09s	$817K	$3.6M	20x
Short	Variational Omni TSLA	376.42	0	get 0.0000% / 8h	4h 42m	$1.9M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: −$6.72
Price spread: −0.076% → +0.035%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.78
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 10 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 10 min ago	0.13 bp	0.2 bp $0	2.2 bp −$22	43.4 bp −$4,344	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.01 bp	doesn't fit	8.5 bp −$85	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	−0.0944%	4h	376.49	−0.055%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0019%	8h	376.66	−0.011%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.80	+0.028%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.62	−0.021%	$480K	$4.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.71	+0.003%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.82	+0.032%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.67	−0.008%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.75	+0.012%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.64	−0.016%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLAshort	0.0000%	8h	376.42	−0.076%	$1.9M	$1.4M	—

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.73	+0.008%	$200K	$906K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.68	−0.005%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.69	−0.003%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0018%	1h	376.41	−0.077%	$38K	$42K	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	376.70	long leg	$817K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	376.69	−0.003%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.65	−0.013%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.101%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.73	+0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.43	−0.072%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.43	−0.072%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.62	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.32	−0.101%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	377.04	+0.090%	$513K	$331K	10x	as long as short
Bullet TSLA-USD	+0.0061%	1h	376.72	+0.004%	$5K	$92K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0072%	8h	376.64	−0.016%	$843K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.59	−0.030%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.69	−0.003%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.44	−0.069%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.68	−0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.59	−0.029%	$746	—	10x	as long as short
Gate TSLA_USDT	+0.0105%	8h	376.70	0.000%	$2.3M	$3.6M	100x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	376.45	−0.066%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0167%	1h	376.64	−0.017%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.263%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.45	−0.066%	$1.3M	$539K	20x	as long as short