Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.069%

Price spread now: GRVT against Phemex+0.032%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$820.819% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.032%, 7d avg +0.010%

Together, before fees+0.183%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.022% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	377.11	0	get 0.0000% / 4h	1h 09m	$1.1M	$14K	10x
Short	GRVT TSLA_USDT_Perp	377.23	0.0054	get 0.0054% / 8h	5h 09m	$846K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.032%Rate

Funding earned: $11.34
Price spread: +0.032% → +0.010%: $2.17
Slippage, 4 orders: −$60.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$68.38
Costs to cover: 0.819%
Break-even: 49.2 days

Slippage from Phemex: live order book, 3 min ago; GRVT: live order book, 4 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	0.40 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.13 bp	8.1 bp −$8	12.6 bp −$126	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	−0.0555%	4h	377.06	−0.013%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0008%	1h	376.77	−0.090%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.13	+0.006%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.99	−0.033%	$484K	$6.0M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.11	0.000%	$47.4M	$110.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.18	+0.019%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.06	−0.013%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.18	+0.017%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.03	−0.021%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.06	−0.013%	$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	377.09	−0.005%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.90	−0.056%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	−0.019%	$513K	$331K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.11	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0014%	1h	377.09	−0.007%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.03	−0.021%	$1.2M	$6.6M	10x	as long as short
BloFin TSLA-USDT	+0.0025%	8h	377.15	+0.011%	$575K	$354K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.06	−0.013%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.97	−0.037%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.04	−0.019%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.77	−0.090%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.97	−0.037%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.01	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.80	−0.082%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perpshort	+0.0054%	8h	377.23	+0.032%	$846K	$2.8M	10x
Lighter TSLA	+0.0056%	1h	377.07	−0.011%	$819K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0096%	1h	377.10	−0.003%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.88	−0.062%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.97	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.00	−0.029%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.02	−0.024%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.99	−0.031%	$746	—	10x	as long as short
Gate TSLA_USDT	+0.0126%	8h	377.09	−0.005%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0183%	1h	376.91	−0.054%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.278%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.10	−0.003%	$1.3M	$539K	20x	as long as short