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 +0.037%

Price spread now: Lighter against OKX+0.019%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

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

costs, in and out, $10k−$140.139% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.019%, 7d avg −0.047%

Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.065% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	376.92	0	get 0.0000% / 8h	6h 41m	$11.2M	$16.7M	25x
Short	Lighter TSLA	376.99	0.0032	get 0.0004% / 1h	41m 05s	$829K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.019%Rate

Funding earned: $6.72
Price spread: +0.019% → −0.047%: $6.53
Slippage, 4 orders: −$3.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.63
Costs to cover: 0.139%
Break-even: 7.7 days

Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 11 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, 2 min ago	0.13 bp	6.9 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	0.13 bp	0.5 bp $0	3.0 bp −$30	29.4 bp −$2,938	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	−0.0735%	4h	376.86	−0.017%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	+0.016%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	376.58	−0.090%	$512K	$327K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.90	−0.006%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.90	−0.006%	$480K	$10.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.98	+0.015%	$47.2M	$109.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.06	+0.037%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	376.92	long leg	$11.2M	$16.7M	25x
RISEx TSLA/USDC	0.0000%	1h	377.00	+0.020%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.96	+0.011%	$2.4M	$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	376.91	−0.003%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.93	+0.002%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.88	−0.011%	$200K	$906K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.98	+0.016%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.85	−0.019%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.97	+0.013%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	376.89	−0.008%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.87	−0.013%	$1.2M	$6.7M	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	376.99	+0.019%	$829K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	377.00	+0.021%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.79	−0.034%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.02	+0.027%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0046%	1h	376.73	−0.050%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.81	−0.029%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.90	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.79	−0.034%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.74	−0.048%	$34K	—	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0085%	8h	377.01	+0.024%	$852K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0091%	1h	376.88	−0.010%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.85	−0.019%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.58	−0.090%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.94	+0.005%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.91	−0.003%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.88	−0.009%	$746	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.50	+0.154%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.92	0.000%	$1.3M	$539K	20x	as long as short