Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0279%/8h= +30.5% APRpaid last 24h +0.032%

Price spread now: Nado against Phemex−0.127%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$920.925% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.127%, 7d avg −0.029%

Together, before fees+0.078%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.098% cheaper against Phemex than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.029%). If the spread goes back, that is −$10 on $10k: about 28 hours of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.020% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	377.07	0	get 0.0000% / 4h	12m 33s	$1.1M	$14K	10x
Short	Nado TSLA-PERP	376.59	0.0279	get 0.0035% / 1h	12m 33s	$499K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.127%Rate

Funding earned: $58.49
Price spread: −0.127% → −0.029%: −$9.75
Slippage, 4 orders: −$73.5
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$43.76
Costs to cover: 0.925%
Break-even: 12.2 days

Slippage from Phemex: live order book, 5 min ago; Nado: live order book, 25 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, 5 min ago	1.99 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 25 min ago	4.25 bp	13.9 bp −$14	34.5 bp −$345	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	−0.0276%	4h	377.20	+0.035%	$399K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.92	−0.040%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.93	−0.037%	$11.3M	$17.0M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.57	−0.133%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.90	−0.045%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.84	−0.061%	$17.3M	$23.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.79	−0.074%	$200K	$918K	20x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.07	long leg	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0019%	8h	376.63	−0.118%	$575K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.80	−0.072%	$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
Aftermath Perps TSLAUSD	+0.0032%	1h	376.90	−0.046%	$38K	$36K	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.94	−0.034%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.83	−0.064%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.55	−0.138%	$44.7M	$15.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.69	−0.101%	$301K	$303K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.79	−0.074%	$1.6M	$1.1M	10x	as long as short
SoDEX TSLA-USD	+0.0051%	1h	377.01	−0.016%	$4K	$3K	10x	as long as short
BloFin TSLA-USDT	+0.0054%	8h	377.10	+0.008%	$580K	$356K	20x	as long as short
Variational Omni TSLA	+0.0055%	8h	377.18	+0.028%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.80	−0.072%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0085%	8h	376.89	−0.048%	$47.2M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.81	−0.069%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.62	−0.119%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.65	−0.111%	$1.5M	$1.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.91	−0.042%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.04	−0.008%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.04	−0.008%	$747	—	10x	as long as short
Lighter TSLA	+0.0152%	1h	376.81	−0.069%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	377.51	+0.117%	$511K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.724%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0241%	1h	377.02	−0.013%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.93	−0.037%	$215K	$655K	20x	as long as short
Nado TSLA-PERPshort	+0.0279%	1h	376.59	−0.127%	$499K	$116K	20x
GRVT TSLA_USDT_Perp	+0.0292%	8h	377.21	+0.036%	$853K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0334%	1h	376.94	−0.034%	$18K	$195K	10x	as long as short
Phoenix TSLA	+0.0404%	1h	377.51	+0.117%	$1.3M	$525K	20x	as long as short