Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0976%/8h= −106.9% APRpaid last 24h −0.169%

Price spread now: edgeX against Lighter RH−0.040%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.040%, 7d avg +0.004%

Together, before fees−0.067%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and edgeX is 0.044% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	377.26	0.0032	pay 0.0004% / 1h	30m 50s	$1.2M	$2.6M	20x
Short	edgeX TSLAUSDC	377.11	−0.0944	pay 0.0472% / 4h	1h 30m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$204.92
Price spread: −0.040% → +0.004%: −$4.39
Slippage, 4 orders: −$12.33
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$230.64
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; edgeX: live order book, 3 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, 2 min ago	1.46 bp	1.6 bp −$2	4.6 bp −$46	44.5 bp −$4,454	doesn't fit
Sell edgeX live order book, 3 min ago	4.24 bp	8.9 bp −$9	12.1 bp −$121	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 TSLAUSDCshort	−0.0944%	4h	377.11	−0.040%	$398K	$1.0M	10x
Hotstuff TSLA-PERP	−0.0032%	1h	376.86	−0.106%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.41	+0.039%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.28	+0.006%	$480K	$7.1M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.39	+0.034%	$47.4M	$110.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.30	+0.011%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.31	+0.013%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.26	−0.001%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.23	−0.008%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.22	−0.011%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	377.27	+0.001%	$846K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.18	−0.021%	$200K	$909K	20x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	+0.019%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.29	+0.008%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	377.05	−0.056%	$38K	$43K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	377.37	+0.029%	$577K	$340K	20x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.16	−0.027%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	377.26	long leg	$1.2M	$2.6M	20x
Lighter TSLA	+0.0040%	1h	377.27	+0.003%	$819K	$3.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.97	−0.077%	$161K	$95K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	377.16	−0.027%	$20K	$188K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.15	−0.029%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.04	−0.058%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.07	−0.050%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.25	−0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.87	−0.103%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0065%	1h	377.26	+0.001%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.10	−0.042%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.24	−0.005%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.91	−0.093%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.17	−0.024%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.19	−0.019%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0109%	8h	377.31	+0.013%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0143%	1h	377.03	−0.060%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.09	+0.220%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.28	+0.005%	$1.3M	$539K	20x	as long as short