Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: OKX against Ondo Perps+0.072%7-day average +0.111% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 7 days+0.072%+$7 · spread now +0.072%, 7d avg +0.111%

Together, before fees+0.006%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.111%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	375.08	0.0050	pay 0.0006% / 1h	49m 11s	$1.6M	$1.0M	10x
Short	OKX TSLA-USDT-SWAP	375.35	0	get 0.0000% / 8h	1h 49m	$11.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$10.58
Price spread: +0.072% → +0.111%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.47
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.13 bp	7.2 bp −$7	9.5 bp −$95	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	−0.0154%	4h	375.26	+0.049%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0005%	8h	375.29	+0.056%	$570K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.14	+0.016%	$584K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.30	+0.060%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.36	+0.073%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.45	+0.099%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	375.35	+0.072%	$11.2M	$16.8M	25x
RISEx TSLA/USDC	0.0000%	1h	375.42	+0.091%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.29	+0.056%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.30	+0.059%	$16.6M	$22.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	375.27	+0.051%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.31	+0.061%	$199K	$900K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.12	+0.011%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.31	+0.061%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	375.16	+0.022%	$38K	$49K	10x	as long as short
Bullet TSLA-USD	+0.0025%	1h	375.34	+0.070%	$5K	$91K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.26	+0.048%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.31	+0.061%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.33	+0.067%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.23	+0.040%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.28	+0.053%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.14	+0.016%	$43.5M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.10	+0.005%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.30	+0.059%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	375.08	long leg	$1.6M	$1.0M	10x
Nado TSLA-PERP	+0.0052%	1h	375.15	+0.020%	$484K	$90K	20x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	375.13	+0.013%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.14	+0.016%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.16	+0.021%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.15	+0.019%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.13	+0.013%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.30	+0.058%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0123%	8h	375.35	+0.073%	$848K	$2.9M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.008%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.36	+0.341%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.56	+0.128%	$1.3M	$522K	20x	as long as short