Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.053%

Price spread now: GRVT against Ondo Perps+0.122%53s7-day average +0.110% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.122%, 7d avg +0.110%

Together, before fees−0.080%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 53 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	Ondo Perps TSLA-USD.P	375.45	0.0050	pay 0.0006% / 1h	35m 57s	$1.6M	$1.1M	10x
Short	GRVT TSLA_USDT_Perp	375.91	0.0099	get 0.0099% / 8h	7h 35m	$850K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.122%Rate

Funding earned: $10.21
Price spread: +0.122% → +0.110%: $1.12
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2.67
Costs to cover: 0.140%
Break-even: 8.8 days

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.13 bp	8.6 bp −$9	12.2 bp −$122	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	−0.0761%	4h	375.83	+0.102%	$397K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.42	−0.008%	$10.1M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.44	−0.003%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.42	−0.008%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.32	−0.035%	$17.2M	$23.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.75	+0.080%	$199K	$933K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.24	−0.056%	$18K	$191K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.54	+0.024%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0009%	8h	375.64	+0.050%	$573K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0029%	1h	375.53	+0.022%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSLA	+0.0032%	1h	375.37	−0.021%	$803K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.36	−0.024%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.21	−0.064%	$134K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.35	−0.027%	—	$126K	25x	as long as short
Variational Omni TSLA	+0.0046%	8h	375.72	+0.073%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.34	−0.029%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.04	−0.109%	$44.5M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.05	−0.107%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.43	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	375.45	long leg	$1.6M	$1.1M	10x
Bullet TSLA-USD	+0.0059%	1h	375.35	−0.026%	$5K	$92K	10x	as long as short
Binance TSLAUSDT	+0.0070%	8h	375.46	+0.004%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	375.36	−0.023%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0081%	8h	375.55	+0.027%	$580K	$357K	20x	as long as short
GRVT TSLA_USDT_Perpshort	+0.0099%	8h	375.91	+0.122%	$850K	$2.9M	10x
Pacifica TSLA	+0.0100%	1h	375.27	−0.049%	$388K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.34	−0.029%	$1.5M	$2.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	+0.056%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.36	−0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.34	−0.028%	$743	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	375.34	−0.029%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0157%	1h	375.27	−0.048%	$497K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.49	+0.011%	$506K	$352K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.116%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.43	−0.006%	$214K	$653K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.78	+0.088%	$1.3M	$507K	20x	as long as short