Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0096%/8h= +10.6% APRpaid last 24h −0.002%

Price spread now: Variational Omni against Ondo Perps+0.173%7-day average +0.096% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.173%, 7d avg +0.096%

Together, before fees−0.056%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.078% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	378.24	0.0050	pay 0.0006% / 1h	48m 52s	$1.6M	$1.2M	10x
Short	Variational Omni TSLA	378.89	0.0147	get 0.0147% / 8h	4h 48m	$1.7M	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.173%Rate

Funding earned: $20.24
Price spread: +0.173% → +0.096%: $7.75
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.99
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	2.01 bp	doesn't fit	6.8 bp −$68	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 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	378.37	+0.034%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0276%	4h	378.79	+0.146%	$401K	$1.1M	10x	as long as short
Injective TSLA/USDC PERP	−0.0220%	1h	377.60	−0.169%	$73K	$42K	30x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.56	+0.085%	$10.2M	$14.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.80	+0.148%	$11.3M	$15.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.63	+0.103%	$2.3M	$3.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.46	+0.058%	$17.4M	$25.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.61	+0.098%	$201K	$999K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.26	+0.005%	$18K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.47	+0.061%	$1.1M	$15K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0023%	1h	378.46	+0.059%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	378.41	+0.045%	$814K	$3.0M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	378.41	+0.045%	$1.2M	$2.3M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	378.41	+0.045%	$133K	$86K	10x	as long as short
QFEX TSLA-USD	+0.0042%	1h	378.44	+0.053%	$1.2M	$6.3M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.49	+0.066%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.20	−0.011%	$45.0M	$15.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.31	+0.019%	$301K	$138K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.42	+0.048%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	378.24	long leg	$1.6M	$1.2M	10x
RISEx TSLA/USDC	+0.0074%	1h	378.55	+0.082%	$229K	$631K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.29	+0.013%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.26	+0.005%	$1.4M	$4.5M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.64	+0.106%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.35	+0.029%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.48	+0.064%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	378.28	+0.011%	$519K	$399K	10x	as long as short
Aster TSLAUSDT	+0.0120%	8h	378.65	+0.107%	$577K	$201K	50x	as long as short
Bullet TSLA-USD	+0.0121%	1h	378.47	+0.061%	$6K	$94K	10x	as long as short
Variational Omni TSLAshort	+0.0147%	8h	378.89	+0.173%	$1.7M	$1.5M	—
Binance TSLAUSDT	+0.0175%	8h	378.52	+0.073%	$47.6M	$115.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.35	+0.028%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0193%	8h	378.50	+0.069%	$592K	$380K	20x	as long as short
Nado TSLA-PERP	+0.0209%	1h	378.29	+0.012%	$502K	$99K	20x	as long as short
Phoenix TSLA	+0.0296%	1h	378.78	+0.143%	$1.4M	$520K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0387%	8h	378.99	+0.197%	$849K	$2.9M	10x	as long as short