Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.059%

Price spread now: GRVT against Lighter RH+0.209%79s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as 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−$180.182% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.175%−$18 · spread now +0.209%, 7d avg +0.050%

Together, before fees−0.120%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GRVT is 0.159% dearer against Lighter RH than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.050%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% 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	377.16	0.0032	pay 0.0004% / 1h	15m 49s	$1.2M	$2.6M	20x
Short	GRVT TSLA_USDT_Perp	377.95	0.0291	get 0.0291% / 8h	15m 49s	$859K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.209%Rate

Funding earned: $54.39
Price spread: +0.209% → +0.050%: $15.89
Slippage, 4 orders: −$9.22
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $52.06
Costs to cover: 0.182%
Break-even: 0.3 days

Slippage from Lighter RH: live order book, 2 min ago; GRVT: 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	1.99 bp	2.1 bp −$2	5.8 bp −$58	43.7 bp −$4,372	doesn't fit
Sell GRVT live order book, 3 min ago	0.13 bp	6.7 bp −$7	10.9 bp −$109	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	−0.0752%	4h	377.98	+0.218%	$400K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.28	+0.032%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.28	+0.032%	$11.3M	$17.0M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.26	+0.027%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.01	−0.040%	$17.3M	$23.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	377.15	−0.003%	$200K	$919K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.18	+0.005%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0018%	8h	376.94	−0.057%	$575K	$200K	50x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	377.16	long leg	$1.2M	$2.6M	20x
Aftermath Perps TSLAUSD	+0.0033%	1h	377.11	−0.013%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	377.17	+0.003%	$135K	$108K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	377.11	−0.013%	$18K	$195K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.17	+0.003%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.95	−0.056%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.98	−0.048%	$301K	$303K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.84	−0.085%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0055%	8h	377.18	+0.004%	$1.8M	$1.3M	—	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	377.01	−0.040%	$34K	—	20x	as long as short
QFEX TSLA-USD	+0.0067%	1h	377.15	−0.003%	$1.2M	$6.2M	10x	as long as short
Extended TSLA_24_5-USD	+0.0080%	1h	377.15	−0.003%	$483K	$2.7M	10x	as long as short
SoDEX TSLA-USD	+0.0081%	1h	377.14	−0.005%	$4K	$3K	10x	as long as short
Binance TSLAUSDT	+0.0083%	8h	377.18	+0.005%	$47.2M	$114.5M	25x	as long as short
BloFin TSLA-USDT	+0.0086%	8h	377.62	+0.122%	$579K	$357K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.09	−0.019%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.92	−0.064%	$1.5M	$1.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.92	+0.202%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.19	+0.008%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.14	−0.004%	$747	—	10x	as long as short
Lighter TSLA	+0.0152%	1h	377.15	−0.003%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	377.51	+0.093%	$511K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.700%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0244%	1h	377.20	+0.011%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	377.31	+0.038%	$215K	$652K	20x	as long as short
Nado TSLA-PERP	+0.0275%	1h	377.10	−0.017%	$499K	$116K	20x	as long as short
GRVT TSLA_USDT_Perpshort	+0.0291%	8h	377.95	+0.209%	$859K	$2.8M	10x
Phoenix TSLA	+0.0404%	1h	377.51	+0.093%	$1.3M	$525K	20x	as long as short