Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0998%/8h= −109.3% APRpaid last 24h −0.164%

Price spread now: edgeX against OKX−0.010%111s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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−$310.309% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.010%, 7d avg −0.038%

Together, before fees−0.082%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.028% dearer against OKX than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.038%): +$3 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.053% in total) that is about 3.7 days. The two prices were read 111 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 -0.053% in total (about -2.7% 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	OKX TSLA-USDT-SWAP	376.57	0	get 0.0000% / 8h	4h 17m	$11.3M	$16.9M	25x
Short	edgeX TSLAUSDC	376.53	−0.0998	pay 0.0499% / 4h	17m 47s	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$209.68
Price spread: −0.010% → −0.038%: $2.79
Slippage, 4 orders: −$11.86
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$237.76
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; edgeX: 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 OKX live order book, 1 min ago	0.13 bp	6.2 bp −$6	10.3 bp −$103	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	4.38 bp	9.1 bp −$9	11.9 bp −$119	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 TSLAUSDCshort	−0.0998%	4h	376.53	−0.010%	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	376.66	+0.023%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.48	−0.024%	$481K	$3.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.61	+0.010%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.65	+0.021%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	376.57	long leg	$11.3M	$16.9M	25x
RISEx TSLA/USDC	0.0000%	1h	376.59	+0.005%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.59	+0.005%	$17.0M	$23.0M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.67	+0.025%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.70	+0.035%	$200K	$906K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.46	−0.029%	$20K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.58	+0.003%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0004%	8h	376.67	+0.027%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	376.51	−0.016%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.59	+0.005%	$815K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.59	+0.005%	$1.2M	$2.6M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.60	+0.008%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.45	−0.032%	$140K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.59	+0.005%	—	$130K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	376.35	−0.058%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.36	−0.056%	$44.3M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.41	−0.042%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.50	−0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.20	−0.098%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0052%	1h	376.64	+0.019%	$4K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0056%	8h	376.71	+0.037%	$854K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.032%	$512K	$330K	10x	as long as short
Gate TSLA_USDT	+0.0077%	8h	376.57	0.000%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.41	−0.042%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.52	−0.013%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.52	−0.013%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.42	−0.040%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.48	−0.023%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.48	−0.023%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.297%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.85	+0.074%	$1.3M	$539K	20x	as long as short