Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Phemex+0.013%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

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

costs, in and out, $10k−$650.654% of the position

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.013%, 7d avg −0.011%

Together, before fees+0.052%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.025% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	375.48	0	get 0.0000% / 4h	45m 37s	$1.1M	$13K	10x
Short	Lighter RH TSLA	375.53	0.0032	get 0.0004% / 1h	45m 37s	$1.2M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.013%Rate

Funding earned: $6.72
Price spread: +0.013% → −0.011%: $2.46
Slippage, 4 orders: −$53.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$56.19
Costs to cover: 0.654%
Break-even: 65.5 days

Slippage from Phemex: live order book, 2 min ago; Lighter RH: live order book, 2 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, 2 min ago	1.60 bp	29.2 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.33 bp	1.5 bp −$1	3.3 bp −$33	41.4 bp −$4,137	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	−0.0655%	4h	375.37	−0.029%	$397K	$1.0M	10x	as long as short
Nado TSLA-PERP	−0.0046%	1h	375.41	−0.019%	$485K	$97K	20x	as long as short
BloFin TSLA-USDT	−0.0022%	8h	375.43	−0.013%	$522K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.31	−0.046%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.51	+0.007%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.57	+0.025%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.72	+0.064%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.57	+0.024%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.47	−0.003%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.47	−0.003%	$16.7M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	375.34	−0.038%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.41	−0.019%	$199K	$899K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.56	+0.022%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.47	−0.003%	$20K	$187K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	375.48	long leg	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0012%	1h	375.19	−0.078%	$38K	$48K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.44	−0.011%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.50	+0.005%	$652K	$3.3M	20x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	375.53	+0.013%	$1.2M	$2.6M	20x
Hotstuff TSLA-PERP	+0.0032%	1h	375.28	−0.053%	$34K	—	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.47	−0.003%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.31	−0.045%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.30	−0.048%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.49	+0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.09	−0.104%	$1.6M	$1.0M	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.30	−0.048%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.58	+0.025%	$185K	$536K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.35	−0.036%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.26	−0.059%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.21	−0.072%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.42	−0.016%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.47	−0.003%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.099%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0122%	8h	375.44	−0.012%	$848K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.07	+0.157%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.45	−0.008%	$1.3M	$547K	20x	as long as short