Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against Pacifica+0.074%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$870.865% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.074%, 7d avg +0.039%

Together, before fees−0.239%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.034% dearer against Pacifica than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.039%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TSLA	376.16	0.0100	pay 0.0013% / 1h	51m 01s	$390K	$38K	10x
Short	Phemex TSLAUSDT	376.44	0	get 0.0000% / 4h	3h 51m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$21
Price spread: +0.074% → +0.039%: $3.43
Slippage, 4 orders: −$66.54
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$104.11
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Phemex: live order book, 1 min ago.

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 Pacifica live order book, 2 min ago	2.13 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.73 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	−0.0036%	4h	376.28	+0.030%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	0.0000%	8h	376.29	+0.034%	$577K	$352K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.29	+0.034%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.19	+0.006%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.26	+0.026%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.35	+0.050%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.23	+0.018%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.35	+0.049%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.22	+0.015%	$17.0M	$22.4M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.23	+0.018%	$1.9M	$1.3M	—	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	376.29	+0.034%	$200K	$902K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.13	−0.009%	$20K	$189K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.44	+0.074%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0023%	1h	376.44	+0.072%	$38K	$40K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.23	+0.018%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.25	+0.023%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.23	+0.018%	$1.2M	$6.5M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0034%	1h	375.97	−0.051%	$44.4M	$14.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.11	−0.014%	$133K	$106K	10x	as long as short
Bullet TSLA-USD	+0.0041%	1h	376.25	+0.024%	$5K	$91K	10x	as long as short
Gate TSLA_USDT	+0.0044%	8h	376.30	+0.037%	$2.3M	$3.5M	100x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.27	+0.029%	—	$129K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.16	−0.001%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.20	+0.010%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.056%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0057%	8h	376.39	+0.061%	$843K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	376.03	−0.035%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.076%	$512K	$330K	10x	as long as short
Pacifica TSLAlong	+0.0100%	1h	376.16	long leg	$390K	$38K	10x
KuCoin TSLAUSDTM	+0.0100%	8h	376.19	+0.007%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.18	+0.005%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.20	+0.010%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.20	+0.010%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0184%	1h	376.13	−0.010%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.58	+0.377%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.42	+0.068%	$1.3M	$540K	20x	as long as short