Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.009%

Price spread now: BloFin against Phemex0.000%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now 0.000%, 7d avg +0.006%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	377.19	0	get 0.0000% / 4h	1h 04m	$1.1M	$14K	10x
Short	BloFin TSLA-USDT	377.19	−0.0013	pay 0.0013% / 8h	5h 04m	$577K	$354K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.63
Price spread: 0.000% → +0.006%: −$0.62
Slippage, 4 orders: −$57.72
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$84.97
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 36 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, 3 min ago	1.86 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 36 min ago	0.13 bp	7.4 bp −$7	11.9 bp −$119	24.0 bp −$2,398	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	−0.0824%	4h	377.09	−0.025%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDTshort	−0.0013%	8h	377.19	0.000%	$577K	$354K	20x
Aster TSLAUSDT	0.0000%	8h	377.22	+0.008%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.08	−0.028%	$484K	$5.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.18	−0.003%	$47.4M	$110.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.26	+0.019%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.11	−0.021%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.20	+0.003%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.11	−0.021%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.03	−0.042%	$1.9M	$1.4M	—	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	377.16	−0.008%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.97	−0.058%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	−0.040%	$513K	$331K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.19	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0015%	1h	377.09	−0.028%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.12	−0.019%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.12	−0.019%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.94	−0.066%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.09	−0.027%	—	$130K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	376.80	−0.103%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.85	−0.090%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.07	−0.032%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.10	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.82	−0.098%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0055%	8h	377.19	−0.001%	$846K	$2.8M	10x	as long as short
Lighter TSLA	+0.0056%	1h	377.15	−0.011%	$820K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0098%	1h	377.18	−0.003%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.01	−0.048%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.96	−0.061%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.89	−0.080%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.11	−0.021%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.09	−0.026%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0129%	8h	377.15	−0.011%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0190%	1h	376.95	−0.065%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.257%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.09	−0.027%	$1.3M	$539K	20x	as long as short