Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.008%

Price spread now: QFEX against OKX−0.005%7-day average −0.049% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.005%, 7d avg −0.049%

Together, before fees−0.015%−$2 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 QFEX is 0.043% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	377.11	0	get 0.0000% / 8h	5h 07m	$11.2M	$16.9M	25x
Short	QFEX TSLA-USD	377.09	0.0019	get 0.0002% / 1h	7m 33s	$1.2M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $3.95
Price spread: −0.005% → −0.049%: $4.32
Slippage, 4 orders: −$6.82
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.55
Costs to cover: 0.268%
Break-even: 39.9 days

Slippage from OKX: live order book, 1 min ago; QFEX: live order book, 6 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	6.3 bp −$6	9.4 bp −$94	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.99 bp	7.0 bp −$7	8.5 bp −$85	13.6 bp −$1,359	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	−0.0432%	4h	377.04	−0.019%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.15	+0.010%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.06	−0.014%	$484K	$5.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.16	+0.013%	$47.4M	$110.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.19	+0.021%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	377.11	long leg	$11.2M	$16.9M	25x
RISEx TSLA/USDC	0.0000%	1h	377.18	+0.017%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.08	−0.008%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.06	−0.013%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.11	0.000%	$200K	$909K	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	376.93	−0.048%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	−0.019%	$513K	$331K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.16	+0.013%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	377.09	−0.007%	$38K	$43K	10x	as long as short
Hotstuff TSLA-PERP	+0.0016%	1h	376.77	−0.090%	$34K	—	20x	as long as short
QFEX TSLA-USDshort	+0.0019%	1h	377.09	−0.005%	$1.2M	$6.6M	10x
BloFin TSLA-USDT	+0.0025%	8h	377.15	+0.011%	$575K	$354K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.10	−0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.95	−0.042%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.08	−0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.83	−0.074%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.04	−0.019%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.07	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.80	−0.082%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0055%	8h	377.19	+0.020%	$846K	$2.8M	10x	as long as short
Lighter TSLA	+0.0064%	1h	377.11	0.000%	$820K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0096%	1h	377.13	+0.005%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.04	−0.019%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.97	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.89	−0.058%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.91	−0.053%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.03	−0.022%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0127%	8h	377.11	0.000%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0186%	1h	376.96	−0.041%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.278%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.10	−0.003%	$1.3M	$539K	20x	as long as short