Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Phemex−0.061%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 Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.061% cheaper against Phemex than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	375.22	0	get 0.0000% / 4h	1h 25m	$1.1M	$13K	10x
Short	Hotstuff TSLA-PERP	374.99	0.0104	get 0.0013% / 1h	25m 27s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.061%Rate

Funding earned: $21.84
Price spread: −0.061% → 0.000%: −$6.13
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$1.29
Costs to cover: 0.170%
Break-even: 7.4 days

Slippage unknown: Phemex: live order book, 2 min ago; Hotstuff: 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, 2 min ago	1.20 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.0491%	4h	375.23	+0.002%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.27	+0.013%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.13	−0.023%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.20	−0.006%	$46.9M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.29	+0.019%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.20	−0.005%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.31	+0.023%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	−0.005%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.16	−0.016%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.15	−0.019%	$1.8M	$1.2M	—	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	375.27	+0.013%	$199K	$898K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	374.98	−0.064%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	375.22	long leg	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0014%	1h	375.12	−0.028%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0017%	8h	375.29	+0.019%	$569K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.17	−0.013%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.19	−0.008%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.22	0.000%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.09	−0.035%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.12	−0.027%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.98	−0.064%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.01	−0.056%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.12	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.02	−0.053%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0052%	1h	375.22	−0.001%	$6K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0062%	1h	375.02	−0.053%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.99	−0.060%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.05	−0.045%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.01	−0.056%	$41K	$20K	20x	as long as short
Hotstuff TSLA-PERPshort	+0.0104%	1h	374.99	−0.061%	$34K	—	20x
Aevo TSLA-PERP	+0.0104%	1h	375.16	−0.017%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0124%	8h	375.31	+0.024%	$847K	$2.7M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	−0.029%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.18	+0.256%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.39	+0.045%	$1.3M	$522K	20x	as long as short