Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against Ondo Perps+0.117%7-day average +0.114% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bybit

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+0.022%+$2 · spread now +0.117%, 7d avg +0.114%

Together, before fees−0.075%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.114%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	376.32	0.0050	pay 0.0006% / 1h	41m 23s	$1.6M	$1.1M	10x
Short	Bybit TSLAUSDT	376.76	0	get 0.0000% / 8h	4h 41m	$10.3M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Ondo Perps. 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 Ondo PerpsbpFee BybitbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$10.58
Price spread: +0.117% → +0.114%: $0.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.40 bp	7.4 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0268%	4h	376.63	+0.083%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0019%	8h	376.66	+0.090%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.78	+0.121%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.60	+0.075%	$480K	$4.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.70	+0.102%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.76	+0.117%	$10.3M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.63	+0.082%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.75	+0.113%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.63	+0.082%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.42	+0.025%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.73	+0.109%	$200K	$906K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.63	+0.082%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.69	+0.098%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.44	+0.032%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.69	+0.098%	$817K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.67	+0.093%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.65	+0.088%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	0.000%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.73	+0.109%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.45	+0.035%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.47	+0.040%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.61	+0.077%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	376.32	long leg	$1.6M	$1.1M	10x
Bullet TSLA-USD	+0.0055%	1h	376.70	+0.101%	$6K	$92K	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	377.04	+0.191%	$513K	$331K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0072%	8h	376.64	+0.085%	$843K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.57	+0.066%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.68	+0.096%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.44	+0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.58	+0.069%	$41K	$23K	20x	as long as short
Gate TSLA_USDT	+0.0102%	8h	376.68	+0.096%	$2.3M	$3.6M	100x	as long as short
Hotstuff TSLA-PERP	+0.0104%	1h	376.42	+0.027%	$34K	—	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.60	+0.074%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0157%	1h	376.68	+0.095%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.364%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.45	+0.035%	$1.3M	$539K	20x	as long as short