Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Lighter RH−0.006%7-day average +0.031% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.006%, 7d avg +0.031%

Together, before fees−0.004%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board$0 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 Variational Omni is 0.037% 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 +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	376.98	0.0032	pay 0.0004% / 1h	45m 07s	$1.2M	$2.6M	20x
Short	Variational Omni TSLA	376.96	0	get 0.0000% / 8h	6h 45m	$1.9M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: −$6.72
Price spread: −0.006% → +0.031%: −$3.7
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.42
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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	1.59 bp	1.6 bp −$2	5.0 bp −$50	42.5 bp −$4,247	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.00 bp	doesn't fit	6.9 bp −$69	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	−0.0373%	4h	376.81	−0.044%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	0.000%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	376.58	−0.106%	$512K	$327K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.91	−0.019%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.81	−0.045%	$479K	$10.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.98	−0.001%	$47.2M	$109.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.01	+0.008%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.88	−0.027%	$11.2M	$16.7M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.97	−0.003%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.96	−0.005%	$2.3M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.86	−0.032%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLAshort	0.0000%	8h	376.96	−0.006%	$1.9M	$1.3M	—
StandX TSLA-USD	0.0000%	1h	376.95	−0.008%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.92	−0.016%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.81	−0.045%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.92	−0.016%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.87	−0.030%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.84	−0.037%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.96	−0.005%	$829K	$3.6M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	376.98	long leg	$1.2M	$2.6M	20x
Arcus TSLA-USD	+0.0040%	1h	376.78	−0.053%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.92	−0.016%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.72	−0.069%	$44.3M	$14.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.72	−0.069%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.88	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.67	−0.082%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	376.66	−0.085%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0094%	1h	376.83	−0.039%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.73	−0.066%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.59	−0.103%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.85	−0.034%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.79	−0.050%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.83	−0.041%	$746	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0111%	8h	377.00	+0.004%	$853K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.60	+0.164%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.83	−0.040%	$1.3M	$539K	20x	as long as short