Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.039%

Price spread now: Lighter against Phemex−0.024%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.024%, 7d avg −0.014%

Together, before fees+0.136%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.57	0	get 0.0000% / 4h	8m 24s	$1.1M	$14K	10x
Short	Lighter TSLA	376.48	0.0144	get 0.0018% / 1h	8m 24s	$821K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $30.24
Price spread: −0.024% → −0.014%: −$0.97
Slippage, 4 orders: −$49.96
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.69
Costs to cover: 0.620%
Break-even: 14.6 days

Slippage from Phemex: live order book, 4 min ago; Lighter: 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, 4 min ago	1.33 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.13 bp	2.8 bp −$3	3.9 bp −$39	27.1 bp −$2,708	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	−0.0211%	4h	376.69	+0.033%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.59	+0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.50	−0.019%	$11.3M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.49	−0.021%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.44	−0.035%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.045%	$200K	$918K	20x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.57	long leg	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0022%	8h	376.72	+0.039%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.48	−0.025%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.49	−0.021%	$1.2M	$2.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.52	−0.013%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.47	−0.027%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.27	−0.080%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.42	−0.040%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.48	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.23	−0.090%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0057%	8h	376.66	+0.023%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.47	−0.027%	$1.2M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0068%	8h	376.63	+0.016%	$580K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0087%	8h	376.48	−0.024%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.39	−0.047%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.35	−0.058%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.30	−0.072%	$1.5M	$1.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.064%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.49	−0.021%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.49	−0.020%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	376.33	−0.064%	$34K	—	20x	as long as short
Lighter TSLAshort	+0.0144%	1h	376.48	−0.024%	$821K	$3.7M	20x
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.040%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.858%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0234%	1h	376.47	−0.026%	$6K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0255%	1h	376.47	−0.027%	$18K	$195K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.62	+0.012%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.34	−0.061%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	376.69	+0.031%	$850K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.83	+0.069%	$1.3M	$525K	20x	as long as short