Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.001%

Price spread now: BloFin against Lighter RH+0.045%61s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7as 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−$180.177% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.045%, 7d avg +0.018%

Together, before fees+0.053%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.028% dearer against Lighter RH than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.018%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you. The two prices were read 61 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 RH TSLA	376.12	0.0032	pay 0.0004% / 1h	49m 54s	$1.2M	$2.5M	20x
Short	BloFin TSLA-USDT	376.29	0.0022	get 0.0022% / 8h	2h 49m	$577K	$353K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter RH. 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 Lighter RHbpFee BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$2.18
Price spread: +0.045% → +0.018%: $2.75
Slippage, 4 orders: −$5.69
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.12
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; BloFin: live order book, 41 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 RH live order book, 3 min ago	1.86 bp	1.9 bp −$2	5.0 bp −$50	46.1 bp −$4,608	doesn't fit
Sell BloFin live order book, 41 min ago	0.13 bp	7.2 bp −$7	9.3 bp −$93	22.3 bp −$2,232	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	−0.0326%	4h	376.20	+0.022%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.25	+0.036%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.11	−0.003%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.20	+0.022%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.16	+0.011%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.13	+0.003%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	+0.021%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.20	+0.021%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.27	+0.040%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.21	+0.024%	$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
Aftermath Perps TSLAUSD	+0.0020%	1h	376.00	−0.032%	$38K	$40K	10x	as long as short
BloFin TSLA-USDTshort	+0.0022%	8h	376.29	+0.045%	$577K	$353K	20x
Gate TSLA_USDT	+0.0023%	8h	376.24	+0.032%	$2.3M	$3.5M	100x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	375.87	−0.066%	$34K	—	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	376.12	long leg	$1.2M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	375.93	−0.051%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.09	−0.008%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.85	−0.072%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.06	−0.016%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.09	−0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.80	−0.085%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.21	+0.024%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.25	+0.035%	$289K	$580K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.91	−0.055%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.98	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.96	−0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.15	+0.008%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.15	+0.007%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.003%	$511K	$337K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0136%	8h	376.33	+0.055%	$844K	$2.8M	10x	as long as short
Lighter TSLA	+0.0160%	1h	376.14	+0.005%	$836K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0212%	1h	376.24	+0.032%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.15	+0.274%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0281%	1h	375.97	−0.040%	$489K	$112K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0282%	1h	376.07	−0.013%	$18K	$193K	10x	as long as short
Phoenix TSLA	+0.0298%	1h	376.27	+0.040%	$1.3M	$528K	20x	as long as short