Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0362%/8h= +39.7% APRpaid last 24h +0.100%

Price spread now: Phoenix against Phemex−0.072%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$910.910% of the position

Long on Phemex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.667%+$67 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.072%, 7d avg +0.036%

Together, before fees+0.784%+$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.107% cheaper against Phemex than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.036%). If the spread goes back, that is −$11 on $10k: about 24 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.03	0	get 0.0000% / 4h	3h 54m	$1.1M	$13K	10x
Short	Phoenix TSLA	375.76	0.0362	get 0.0045% / 1h	54m 23s	$1.3M	$547K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.072%Rate

Funding earned: $76.1
Price spread: −0.072% → +0.036%: −$10.74
Slippage, 4 orders: −$71.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$25.62
Costs to cover: 0.910%
Break-even: 9.4 days

Slippage from Phemex: live order book, 3 min ago; Phoenix: 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, 3 min ago	1.60 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	3.46 bp	11.0 bp −$11	23.0 bp −$230	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	−0.0837%	4h	375.99	−0.011%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.06	+0.008%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.14	+0.029%	$478K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.12	+0.024%	$46.9M	$109.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.12	+0.024%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.03	0.000%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.12	+0.024%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.09	+0.016%	$16.8M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.11	+0.022%	$1.9M	$1.3M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	376.11	+0.020%	$849K	$2.8M	10x	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	376.05	+0.005%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.91	−0.032%	$20K	$185K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.03	long leg	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	375.73	−0.080%	$38K	$47K	10x	as long as short
BloFin TSLA-USDT	+0.0026%	8h	376.10	+0.019%	$568K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.13	+0.027%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.16	+0.035%	$653K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.19	+0.043%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.86	−0.045%	$165K	$91K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.09	+0.016%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.245%	$529K	$319K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.88	−0.040%	$1.6M	$1.0M	10x	as long as short
SoDEX TSLA-USD	+0.0054%	1h	376.01	−0.005%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.21	+0.048%	$291K	$597K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.74	−0.077%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.98	−0.013%	$1.5M	$158K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.67	−0.096%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.03	0.000%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.73	−0.080%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0121%	1h	376.08	+0.012%	$491K	$111K	20x	as long as short
Polymarket Perps TSLA-USD	+0.0220%	1h	375.92	−0.029%	$298K	$308K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.72	+0.183%	$78K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0362%	1h	375.76	−0.072%	$1.3M	$547K	20x
Hotstuff TSLA-PERP	+0.0368%	1h	375.73	−0.080%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0392%	1h	375.92	−0.029%	$44.3M	$14.3M	20x	as long as short
Bullet TSLA-USD	+0.0576%	1h	376.14	+0.029%	$5K	$91K	10x	as long as short