Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.005%

Price spread now: OKX against Lighter RH−0.005%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.005%, 7d avg +0.043%

Together, before fees+0.016%+ Points / potential airdropLighter RH: Points live · farm board+$2 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 OKX is 0.049% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	375.27	0.0032	pay 0.0004% / 1h	45m 10s	$1.2M	$2.6M	20x
Short	OKX TSLA-USDT-SWAP	375.25	0	get 0.0000% / 8h	1h 45m	$11.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$6.72
Price spread: −0.005% → +0.043%: −$4.86
Slippage, 4 orders: −$6.84
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.42
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; OKX: 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, 3 min ago	1.47 bp	1.8 bp −$2	4.6 bp −$46	46.3 bp −$4,635	doesn't fit
Sell OKX live order book, 3 min ago	0.27 bp	6.8 bp −$7	9.5 bp −$95	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	−0.0577%	4h	375.24	−0.007%	$397K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0040%	1h	375.05	−0.059%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	−0.042%	$584K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.23	−0.011%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.32	+0.013%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.38	+0.029%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	375.25	−0.005%	$11.2M	$16.8M	25x
RISEx TSLA/USDC	0.0000%	1h	375.36	+0.025%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.22	−0.013%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.17	−0.027%	$16.6M	$22.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	375.21	−0.016%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.27	0.000%	$199K	$900K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.05	−0.059%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.30	+0.008%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	375.12	−0.041%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0015%	8h	375.32	+0.013%	$570K	$341K	20x	as long as short
Bullet TSLA-USD	+0.0025%	1h	375.33	+0.017%	$5K	$90K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.23	−0.011%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.25	−0.005%	$648K	$3.3M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	375.27	long leg	$1.2M	$2.6M	20x
Arcus TSLA-USD	+0.0040%	1h	375.16	−0.029%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.17	−0.027%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.12	−0.040%	$43.5M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.07	−0.053%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.25	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.107%	$1.6M	$1.0M	10x	as long as short
Nado TSLA-PERP	+0.0052%	1h	375.11	−0.044%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.03	−0.065%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.12	−0.040%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.10	−0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.10	−0.045%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.25	−0.005%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0123%	8h	375.32	+0.012%	$840K	$2.9M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	−0.043%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.36	+0.290%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.52	+0.067%	$1.3M	$522K	20x	as long as short