Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Phemex against Lighter RH−0.029%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.029%, 7d avg +0.010%

Together, before fees−0.039%+ Points / potential airdropLighter RH: Points live · 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 Phemex is 0.039% 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 +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	378.56	0.0032	pay 0.0004% / 1h	48m 05s	$1.2M	$2.5M	20x
Short	Phemex TSLAUSDT	378.45	0	get 0.0000% / 4h	1h 48m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$6.72
Price spread: −0.029% → +0.010%: −$3.92
Slippage, 4 orders: −$57.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$80.09
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Phemex: 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	1.32 bp	1.9 bp −$2	4.3 bp −$43	43.9 bp −$4,389	doesn't fit
Sell Phemex live order book, 3 min ago	0.92 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

TSLA on 36 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	377.59	−0.256%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0796%	4h	378.48	−0.020%	$399K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.71	+0.040%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.68	+0.032%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.71	+0.040%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.61	+0.013%	$17.3M	$24.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.62	+0.016%	$201K	$966K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.47	−0.024%	$18K	$190K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	378.45	−0.029%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0023%	1h	378.33	−0.062%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLAlong	+0.0032%	1h	378.56	long leg	$1.2M	$2.5M	20x
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.293%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	378.39	−0.045%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.64	+0.021%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.35	−0.055%	$44.9M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.33	−0.061%	$301K	$136K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.55	−0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	378.52	−0.011%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	378.59	+0.008%	$1.3M	$6.2M	10x	as long as short
Lighter TSLA	+0.0056%	1h	378.59	+0.008%	$809K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.60	+0.011%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.41	−0.040%	$1.4M	$3.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.36	−0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.57	+0.003%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.63	+0.019%	$750	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.177%	$519K	$385K	10x	as long as short
Bullet TSLA-USD	+0.0138%	1h	378.69	+0.034%	$4K	$93K	10x	as long as short
Aster TSLAUSDT	+0.0139%	8h	378.66	+0.026%	$577K	$200K	50x	as long as short
Nado TSLA-PERP	+0.0165%	1h	378.43	−0.034%	$502K	$99K	20x	as long as short
Variational Omni TSLA	+0.0170%	8h	378.62	+0.015%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0186%	8h	378.93	+0.098%	$589K	$373K	20x	as long as short
Binance TSLAUSDT	+0.0196%	8h	378.66	+0.026%	$47.5M	$115.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0200%	1h	378.56	+0.001%	$483K	$2.7M	10x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.72	+0.042%	$229K	$656K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.28	−0.074%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0535%	8h	378.33	−0.061%	$850K	$2.9M	10x	as long as short