Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against OKX−0.045%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.045%, 7d avg −0.082%

Together, before fees+0.114%+ Points / potential airdroptradeXYZ: Active · farm board+$11 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 tradeXYZ is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	376.00	0	get 0.0000% / 8h	7h 21m	$11.2M	$16.6M	25x
Short	tradeXYZ xyz:TSLA	375.83	0.0050	get 0.0006% / 1h	21m 44s	$44.2M	$14.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.045%Rate

Funding earned: $10.5
Price spread: −0.045% → −0.082%: $3.67
Slippage, 4 orders: −$4.9
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.73
Costs to cover: 0.329%
Break-even: 19.5 days

Slippage from OKX: live order book, 2 min ago; tradeXYZ: live order book, 8 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	6.0 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.40 bp	10.2 bp −$10	12.4 bp −$124	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 TSLAUSDC	−0.0402%	4h	376.37	+0.099%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.98	−0.005%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.02	+0.006%	$477K	$11.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.07	+0.019%	$47.0M	$109.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.07	+0.019%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	376.00	long leg	$11.2M	$16.6M	25x
Gate TSLA_USDT	0.0000%	8h	376.10	+0.027%	$2.4M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.00	0.000%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.41	+0.110%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.17	+0.045%	$200K	$898K	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	376.01	+0.003%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.23	+0.061%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0009%	8h	376.21	+0.056%	$572K	$338K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	376.10	+0.027%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.12	+0.032%	$1.2M	$7.0M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.05	+0.013%	$828K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.09	+0.024%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.13	+0.035%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.18	+0.048%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.237%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	375.83	−0.045%	$44.2M	$14.1M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	376.00	0.000%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.09	+0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.83	−0.045%	$1.5M	$1.1M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.25	+0.067%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.90	−0.027%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.84	−0.043%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	+0.059%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.16	+0.043%	$41K	$20K	20x	as long as short
Bullet TSLA-USD	+0.0100%	1h	376.22	+0.059%	$5K	$92K	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.11	+0.029%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	375.95	−0.013%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0137%	1h	376.08	+0.022%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0146%	8h	376.40	+0.106%	$846K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.35	+0.359%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.64	+0.170%	$1.3M	$547K	20x	as long as short