Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Deribit against Phemex−0.082%7-day average −0.022% · 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−$90as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Phemex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.198%+$20 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.082%, 7d avg −0.022%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.061% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.51	0	get 0.0000% / 4h	3h 24m	$1.1M	$14K	10x
Short	Deribit TSLA_USDC-PERPETUAL	376.20	0	get 0.0000% / 1h	24m 54s	$18K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.022%: −$6.06
Slippage, 4 orders: −$64.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$90.04
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Deribit: live order book, 29 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	2.52 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 29 min ago	0.13 bp	3.6 bp −$4	4.9 bp −$49	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	−0.0547%	4h	376.47	−0.010%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.50	−0.002%	$577K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.29	−0.058%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.40	−0.029%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.40	−0.029%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.37	−0.037%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.45	−0.015%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.40	−0.029%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.33	−0.049%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.45	−0.016%	$200K	$893K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUALshort	0.0000%	1h	376.20	−0.082%	$18K	$192K	10x
Phemex TSLAUSDTlong	0.0000%	4h	376.51	long leg	$1.1M	$14K	10x
BloFin TSLA-USDT	+0.0003%	8h	376.40	−0.029%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	376.27	−0.063%	$38K	$41K	10x	as long as short
Gate TSLA_USDT	+0.0027%	8h	376.42	−0.024%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.39	−0.032%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.40	−0.029%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.15	−0.096%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.33	−0.048%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.12	−0.104%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.22	−0.077%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.32	−0.050%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.08	−0.114%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0064%	1h	376.37	−0.037%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.101%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0096%	8h	376.49	−0.005%	$855K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.22	−0.078%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.25	−0.069%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.25	−0.069%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.41	−0.027%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.35	−0.043%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0126%	1h	376.43	−0.021%	$5K	$90K	10x	as long as short
Hotstuff TSLA-PERP	+0.0136%	1h	376.18	−0.088%	$34K	—	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.337%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0223%	1h	376.27	−0.064%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.40	−0.029%	$1.3M	$540K	20x	as long as short