Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.053%

Price spread now: Arcus against Phemex−0.035%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.035%, 7d avg −0.074%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.039% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	375.09	0	get 0.0000% / 4h	1h 15m	$1.1M	$13K	10x
Short	Arcus TSLA-USD	374.96	0.0040	get 0.0005% / 1h	15m 57s	$153K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now −0.035%Rate

Funding earned: $8.46
Price spread: −0.035% → −0.074%: $3.91
Slippage, 4 orders: −$61.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$65.48
Costs to cover: 0.778%
Break-even: 61.2 days

Slippage from Phemex: live order book, 2 min ago; Arcus: live order book, 2 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 Phemex live order book, 2 min ago	1.87 bp	38.4 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	3.73 bp	6.0 bp −$6	7.9 bp −$79	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	−0.0429%	4h	375.17	+0.022%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.12	+0.009%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	374.96	−0.034%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.04	−0.014%	$46.8M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.19	+0.027%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.06	−0.008%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.19	+0.025%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.04	−0.013%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	374.96	−0.035%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	+0.026%	$1.8M	$1.2M	—	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	375.11	+0.005%	$199K	$897K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	374.93	−0.043%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	375.09	long leg	$1.1M	$13K	10x
BloFin TSLA-USDT	+0.0006%	8h	375.06	−0.008%	$568K	$341K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.00	−0.025%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.05	−0.011%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.03	−0.016%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.08	−0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USDshort	+0.0040%	1h	374.96	−0.035%	$153K	$84K	10x
Vest TSLA-USD-PERP	+0.0046%	1h	374.99	−0.027%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.83	−0.069%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.88	−0.056%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	374.99	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.81	−0.075%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0053%	1h	375.06	−0.008%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0062%	1h	374.90	−0.049%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.84	−0.067%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	374.91	−0.048%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.011%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	374.90	−0.051%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	374.99	−0.027%	$742	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0124%	8h	375.27	+0.048%	$847K	$2.7M	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	374.79	−0.080%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.005%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.16	+0.285%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.32	+0.061%	$1.3M	$522K	20x	as long as short