Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Ondo Perps+0.101%7-day average +0.093% · you sell dearer than you buy

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

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.101%, 7d avg +0.093%

Together, before fees−0.122%+ Points / potential airdropOndo Perps: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.093%, 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	375.62	0.0050	pay 0.0006% / 1h	59m 53s	$1.6M	$1.1M	10x
Short	Phemex TSLAUSDT	376.00	0	get 0.0000% / 4h	59m 53s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$10.58
Price spread: +0.101% → +0.093%: $0.83
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: 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 Phemex live order book, 3 min ago	1.46 bp	32.6 bp −$33	doesn't fit	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	−0.0756%	4h	375.78	+0.043%	$397K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	375.60	−0.005%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.04	+0.113%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.08	+0.122%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.03	+0.109%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.10	+0.128%	$2.3M	$3.6M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.96	+0.091%	$17.2M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	+0.093%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.02	+0.106%	$200K	$918K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.00	+0.101%	$1.1M	$14K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSLA-USDT	+0.0010%	8h	376.05	+0.114%	$577K	$355K	20x	as long as short
Extended TSLA_24_5-USD	+0.0024%	1h	375.94	+0.086%	$480K	$2.8M	10x	as long as short
Binance TSLAUSDT	+0.0026%	8h	376.05	+0.114%	$47.1M	$113.4M	25x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.72	+0.028%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.97	+0.093%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.74	+0.032%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.90	+0.075%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.74	+0.032%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.80	+0.048%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.97	+0.093%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	375.62	long leg	$1.6M	$1.1M	10x
QFEX TSLA-USD	+0.0052%	1h	375.91	+0.077%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.66	+0.012%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.81	+0.051%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.59	−0.008%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.92	+0.080%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.97	+0.093%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	+0.019%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.05	+0.115%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0184%	1h	375.99	+0.099%	$821K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+1.044%	$79K	$37K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0243%	8h	375.93	+0.083%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0263%	1h	376.07	+0.120%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0285%	1h	375.70	+0.022%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.90	+0.075%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0442%	1h	375.99	+0.099%	$18K	$194K	10x	as long as short