Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.093%

Price spread now: Phoenix against OKX+0.032%66s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as 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−$340.344% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.613%+$61 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.032%, 7d avg +0.026%

Together, before fees+0.659%+$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	376.95	0	get 0.0000% / 8h	6h 58m	$11.2M	$16.9M	25x
Short	Phoenix TSLA	377.07	0.0404	get 0.0050% / 1h	58m 29s	$1.3M	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.032%Rate

Funding earned: $84.78
Price spread: +0.032% → +0.026%: $0.62
Slippage, 4 orders: −$17.4
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $51.01
Costs to cover: 0.344%
Break-even: 2.8 days

Slippage from OKX: live order book, 5 min ago; Phoenix: live order book, 5 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, 5 min ago	0.13 bp	7.2 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	2.92 bp	10.2 bp −$10	21.0 bp −$210	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
Hotstuff TSLA-PERP	−0.1576%	1h	376.60	−0.093%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0043%	4h	376.91	−0.010%	$397K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.86	−0.024%	$10.1M	$15.1M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	376.95	long leg	$11.2M	$16.9M	25x
Gate TSLA_USDT	0.0000%	8h	376.90	−0.013%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.88	−0.019%	$17.2M	$23.6M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.50	−0.119%	$200K	$967K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.77	−0.048%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.61	−0.089%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.82	−0.034%	$1.2M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.81	−0.037%	$132K	$109K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.82	−0.034%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.84	−0.029%	$1.3M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.50	−0.119%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.68	−0.072%	$300K	$158K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.76	−0.050%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.61	−0.090%	$1.6M	$1.1M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0069%	1h	376.72	−0.061%	$18K	$192K	10x	as long as short
Aster TSLAUSDT	+0.0071%	8h	376.81	−0.037%	$575K	$189K	50x	as long as short
Lighter TSLA	+0.0072%	1h	376.82	−0.034%	$806K	$3.7M	20x	as long as short
BloFin TSLA-USDT	+0.0095%	8h	376.83	−0.032%	$578K	$365K	20x	as long as short
Variational Omni TSLA	+0.0097%	8h	376.90	−0.015%	$1.7M	$1.5M	—	as long as short
Pacifica TSLA	+0.0100%	1h	376.57	−0.101%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.60	−0.093%	$1.5M	$2.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.51	−0.117%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.76	−0.050%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.82	−0.035%	$746	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.70	−0.066%	$508K	$366K	10x	as long as short
Binance TSLAUSDT	+0.0127%	8h	376.90	−0.013%	$47.3M	$115.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0128%	1h	376.79	−0.043%	$481K	$2.7M	10x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	376.94	−0.004%	$215K	$652K	20x	as long as short
Bullet TSLA-USD	+0.0183%	1h	376.95	0.000%	$6K	$93K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.42	+0.655%	$79K	$37K	30x	as long as short
Nado TSLA-PERP	+0.0223%	1h	376.66	−0.077%	$500K	$111K	20x	as long as short
Phoenix TSLAshort	+0.0404%	1h	377.07	+0.032%	$1.3M	$493K	20x
GRVT TSLA_USDT_Perp	+0.0616%	8h	377.04	+0.025%	$852K	$2.9M	10x	as long as short