Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against OKX−0.059%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.059%, 7d avg −0.087%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	375.18	0	get 0.0000% / 8h	2h 04m	$11.2M	$16.8M	25x
Short	Polymarket Perps TSLA-USD	374.96	0.0050	get 0.0006% / 1h	4m 22s	$297K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.059%Rate

Funding earned: $10.5
Price spread: −0.059% → −0.087%: $2.86
Slippage, 4 orders: −$4.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$9.59
Costs to cover: 0.229%
Break-even: 13.4 days

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 18 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, 4 min ago	0.13 bp	6.1 bp −$6	12.2 bp −$122	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 18 min ago	0.53 bp	6.4 bp −$6	6.9 bp −$69	10.3 bp −$1,028	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	−0.0223%	4h	375.18	+0.001%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	−0.019%	$584K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.16	−0.006%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.21	+0.007%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.29	+0.029%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	375.18	long leg	$11.2M	$16.8M	25x
Gate TSLA_USDT	0.0000%	8h	375.20	+0.005%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.13	−0.013%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	+0.002%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.19	+0.003%	$199K	$902K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.21	+0.008%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.10	−0.021%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.16	−0.005%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERP	+0.0006%	1h	374.97	−0.056%	$484K	$90K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.043%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0022%	8h	375.17	−0.003%	$571K	$339K	20x	as long as short
Lighter TSLA	+0.0032%	1h	375.16	−0.005%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.19	+0.003%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.08	−0.027%	—	$133K	25x	as long as short
QFEX TSLA-USD	+0.0046%	1h	375.20	+0.005%	$1.2M	$7.1M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.91	−0.072%	$43.5M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USDshort	+0.0050%	1h	374.96	−0.059%	$297K	$292K	10x
SoDEX TSLA-USD	+0.0050%	1h	375.14	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.083%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	374.90	−0.075%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.11	−0.019%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.02	−0.043%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.02	−0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.96	−0.059%	$41K	$20K	20x	as long as short
RISEx TSLA/USDC	+0.0103%	1h	375.27	+0.023%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.16	−0.006%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.26	+0.022%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	−0.019%	$529K	$332K	10x	as long as short
Arcus TSLA-USD	+0.0188%	1h	375.03	−0.040%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.13	+0.253%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0384%	1h	375.21	+0.008%	$1.3M	$458K	20x	as long as short