Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Phemex+0.298%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.298% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.10	0	get 0.0000% / 4h	3h 32m	$1.1M	$13K	10x
Short	Injective TSLA/USDC PERP	377.22	0.0220	get 0.0028% / 1h	32m 49s	$78K	$36K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.298%Rate

Funding earned: $46.2
Price spread: +0.298% → 0.000%: $29.78
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $63.96
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phemex: live order book, 5 min ago; Injective: 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, 5 min ago	0.93 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0888%	4h	376.12	+0.005%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.01	−0.025%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.12	+0.005%	$484K	$11.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.25	+0.040%	$47.0M	$109.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.15	+0.013%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.24	+0.037%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.04	−0.016%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.05	−0.013%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.19	+0.023%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.20	+0.027%	$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-PERPETUAL	0.0000%	1h	375.93	−0.045%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.10	long leg	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	376.01	−0.024%	$38K	$46K	10x	as long as short
BloFin TSLA-USDT	+0.0025%	8h	376.08	−0.005%	$571K	$339K	20x	as long as short
QFEX TSLA-USD	+0.0028%	1h	375.93	−0.045%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.07	−0.008%	$716K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.09	−0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.98	−0.032%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.03	−0.019%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.263%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.89	−0.056%	$44.2M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.90	−0.053%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.97	−0.035%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.85	−0.066%	$1.6M	$1.0M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.09	−0.003%	$291K	$598K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0081%	8h	376.28	+0.048%	$846K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.88	−0.059%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.83	−0.072%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.06	−0.011%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.09	−0.003%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.96	−0.038%	$744	—	10x	as long as short
Bullet TSLA-USD	+0.0120%	1h	376.09	−0.003%	$5K	$92K	10x	as long as short
Nado TSLA-PERP	+0.0138%	1h	375.92	−0.047%	$489K	$112K	20x	as long as short
Hotstuff TSLA-PERP	+0.0216%	1h	375.83	−0.072%	$34K	—	20x	as long as short
Injective TSLA/USDC PERPshort	+0.0220%	1h	377.22	+0.298%	$78K	$36K	30x
Phoenix TSLA	+0.0277%	1h	376.07	−0.008%	$1.3M	$547K	20x	as long as short