Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.030%

Price spread now: Bullet against Phemex−0.064%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bullet is 0.064% cheaper against Phemex than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.50	0	get 0.0000% / 4h	3h 48m	$1.1M	$14K	10x
Short	Bullet TSLA-USD	376.26	0.0055	get 0.0007% / 1h	48m 12s	$5K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.064%Rate

Funding earned: $11.55
Price spread: −0.064% → 0.000%: −$6.37
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$14.82
Costs to cover: 0.200%
Break-even: 16.0 days

Slippage unknown: Phemex: live order book, 4 min ago; Bullet: no order-book sample. 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 Phemex live order book, 4 min ago	1.73 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.0036%	4h	376.28	−0.060%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.22	−0.073%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.19	−0.082%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.39	−0.030%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.38	−0.032%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.29	−0.056%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.26	−0.063%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.28	−0.058%	$17.0M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.23	−0.072%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.04	−0.122%	$200K	$900K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDTlong	0.0000%	4h	376.50	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0024%	1h	376.02	−0.128%	$38K	$41K	10x	as long as short
BloFin TSLA-USDT	+0.0024%	8h	376.09	−0.109%	$576K	$352K	20x	as long as short
Lighter TSLA	+0.0032%	1h	376.13	−0.098%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.26	−0.064%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.10	−0.106%	$1.2M	$6.5M	10x	as long as short
Gate TSLA_USDT	+0.0040%	8h	376.34	−0.042%	$2.3M	$3.5M	100x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.99	−0.135%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.09	−0.109%	—	$129K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.91	−0.157%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.00	−0.133%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.08	−0.112%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.14	−0.096%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.76	−0.197%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USDshort	+0.0055%	1h	376.26	−0.064%	$5K	$90K	10x
GRVT TSLA_USDT_Perp	+0.0057%	8h	376.39	−0.028%	$843K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	−0.013%	$512K	$330K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.02	−0.127%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.09	−0.109%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.18	−0.085%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.01	−0.130%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.15	−0.092%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0191%	1h	375.99	−0.135%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.31	+0.215%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.42	−0.021%	$1.3M	$540K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0282%	1h	376.14	−0.096%	$20K	$189K	10x	as long as short