Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.020%

Price spread now: Phemex against Nado+0.061%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.061%, 7d avg +0.029%

Together, before fees+0.007%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.032% dearer against Nado than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.029%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TSLA-PERP	376.21	0.0136	pay 0.0017% / 1h	27m 06s	$489K	$112K	20x
Short	Phemex TSLAUSDT	376.44	0	get 0.0000% / 4h	3h 27m	$1.1M	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$28.61
Price spread: +0.061% → +0.029%: $3.15
Slippage, 4 orders: −$73.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$117.62
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Nado: live order book, 46 min ago; Phemex: live order book, 1 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 Nado live order book, 46 min ago	4.79 bp	13.3 bp −$13	25.8 bp −$258	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.73 bp	38.5 bp −$38	doesn't fit	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	−0.0822%	4h	376.37	+0.041%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0014%	8h	376.47	+0.069%	$571K	$339K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.23	+0.004%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.41	+0.052%	$477K	$11.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.43	+0.058%	$47.0M	$109.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.46	+0.066%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.39	+0.048%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.42	+0.056%	$2.4M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.31	+0.026%	$16.8M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.24	+0.007%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.45	+0.064%	$200K	$893K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.44	+0.061%	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	376.14	−0.018%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.37	+0.042%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.42	+0.056%	$784K	$3.5M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.43	+0.058%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.27	+0.016%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.35	+0.037%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.293%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.19	−0.006%	$44.3M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.20	−0.003%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.40	+0.050%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.02	−0.051%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	376.12	−0.024%	$34K	—	20x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.48	+0.072%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.29	+0.021%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.16	−0.014%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	+0.002%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.41	+0.053%	$41K	$20K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0104%	8h	376.37	+0.042%	$846K	$2.7M	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.38	+0.045%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0115%	1h	376.49	+0.075%	$5K	$92K	10x	as long as short
Nado TSLA-PERPlong	+0.0136%	1h	376.21	long leg	$489K	$112K	20x
Injective TSLA/USDC PERP	+0.0220%	1h	377.35	+0.303%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.49	+0.074%	$1.3M	$547K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0361%	1h	376.48	+0.072%	$20K	$186K	10x	as long as short