Settings8H · net · $10k
Funding arb · Price arb /

TSLA

RWAall TSLA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0735%/8h= −80.5% APRnext payment $3.68 per $10,000 · paid last 24h −0.169%
Price spread now: edgeX against Phemex−0.030%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$800.801% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.030%, 7d avg −0.006%
Together, before fees−0.003%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and edgeX is 0.024% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $3.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TSLAUSDT376.970get 0.0000% / 4h2h 40m$1.1M$13K10x
ShortedgeX TSLAUSDC376.86−0.0735pay 0.0368% / 4h2h 40m$398K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$154.4
Price spread: −0.030% → −0.006%
−$2.39
Slippage, 4 orders
−$59.06
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$236.85
Costs to cover
0.801%
Break-even
never at this rate
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago2.39 bp30.7 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 3 min ago4.24 bp9.0 bp −$912.1 bp −$121doesn't fitdoesn't fit

TSLA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TSLAUSDCshort−0.0735%4h376.86−0.030%$398K$1.0M10x
BloFin TSLA-USDT−0.0027%8h376.98+0.003%$576K$341K20xas long as short
Coinbase International TSLA-PERP-INTX−0.0016%1h376.58−0.103%$512K$327K10xas long as short
Aster TSLAUSDT0.0000%8h376.95−0.007%$577K$195K50xas long as short
Extended TSLA_24_5-USD0.0000%1h376.86−0.029%$479K$10.4M10xas long as short
Binance TSLAUSDT0.0000%8h376.96−0.003%$47.2M$109.8M25xas long as short
Bybit TSLAUSDT0.0000%8h377.03+0.016%$10.3M$15.5M100xas long as short
OKX TSLA-USDT-SWAP0.0000%8h376.88−0.024%$11.2M$16.7M25xas long as short
RISEx TSLA/USDC0.0000%1h376.99+0.005%$292K$598K20xas long as short
Gate TSLA_USDT0.0000%8h376.93−0.011%$2.4M$3.8M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TSLAUSDT0.0000%8h376.87−0.027%$16.9M$22.7M100xas long as short
Variational Omni TSLA0.0000%8h376.93−0.012%$1.9M$1.3Mas long as short
StandX TSLA-USD0.0000%1h377.00+0.008%$200K$906K20xas long as short
Bullet TSLA-USD0.0000%1h376.970.000%$6K$93K10xas long as short
Deribit TSLA_USDC-PERPETUAL0.0000%1h376.85−0.032%$20K$187K10xas long as short
Phemex TSLAUSDTlong0.0000%4h376.97long leg$1.1M$13K10x
Aftermath Perps TSLAUSD+0.0009%1h376.86−0.028%$38K$45K10xas long as short
QFEX TSLA-USD+0.0023%1h376.87−0.027%$1.2M$6.7M10xas long as short
Lighter TSLA+0.0032%1h376.98+0.003%$829K$3.6M20xas long as short
Lighter RH TSLA+0.0032%1h377.01+0.011%$1.2M$2.6M20xas long as short
Arcus TSLA-USD+0.0040%1h376.79−0.048%$163K$93K10xas long as short
tradeXYZ xyz:TSLA+0.0044%1h376.76−0.056%$44.3M$14.1M20xas long as short
Vest TSLA-USD-PERP+0.0046%1h377.05+0.021%$130K25xas long as short
Polymarket Perps TSLA-USD+0.0050%1h376.79−0.048%$301K$310K10xas long as short
SoDEX TSLA-USD+0.0050%1h376.90−0.019%$4K$3K10xas long as short
Ondo Perps TSLA-USD.P+0.0050%1h376.79−0.048%$1.5M$1.1M10xas long as short
GRVT TSLA_USDT_Perp+0.0085%8h377.01+0.011%$852K$2.8M10xas long as short
Hotstuff TSLA-PERP+0.0088%1h376.73−0.064%$34K20xas long as short
Nado TSLA-PERP+0.0091%1h376.90−0.018%$490K$112K20xas long as short
Pacifica TSLA+0.0100%1h376.87−0.027%$390K$38K10xas long as short
KuCoin TSLAUSDTM+0.0100%8h376.57−0.106%$1.5M$106K20xas long as short
ApeX Omni TSLAUSDT+0.0100%1h376.94−0.008%$4K$61K50xas long as short
Orderly PERP_TSLA_USDC+0.0100%8h376.93−0.011%$41K$20K20xas long as short
Aevo TSLA-PERP+0.0104%1h376.88−0.023%$74610xas long as short
Injective TSLA/USDC PERP+0.0220%1h377.50+0.141%$78K$36K30xas long as short
Phoenix TSLA+0.0255%1h376.92−0.013%$1.3M$539K20xas long as short