Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Phemex−0.058%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.058%, 7d avg −0.048%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$2 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	377.96	0	get 0.0000% / 4h	1h 53m	$1.1M	$14K	10x
Short	Polymarket Perps TSLA-USD	377.74	0.0050	get 0.0006% / 1h	53m 41s	$301K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.5
Price spread: −0.058% → −0.048%: −$1.04
Slippage, 4 orders: −$68.78
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$79.33
Costs to cover: 0.888%
Break-even: 59.9 days

Slippage from Phemex: live order book, 2 min ago; Polymarket Perps: live order book, 56 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	1.19 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 56 min ago	0.66 bp	5.0 bp −$5	8.0 bp −$80	doesn't fit	doesn't fit

TSLA on 36 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	377.59	−0.098%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0036%	4h	378.17	+0.055%	$399K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.10	+0.037%	$10.2M	$14.1M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.16	+0.053%	$11.3M	$15.5M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.17	+0.056%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.09	+0.034%	$17.3M	$24.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.11	+0.040%	$201K	$962K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.84	−0.032%	$18K	$190K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.96	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0024%	1h	377.90	−0.017%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	378.00	+0.011%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.135%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.82	−0.037%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.04	+0.021%	—	$126K	25x	as long as short
Lighter TSLA	+0.0048%	1h	378.00	+0.011%	$808K	$3.6M	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.80	−0.042%	$44.8M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USDshort	+0.0050%	1h	377.74	−0.058%	$301K	$136K	10x
SoDEX TSLA-USD	+0.0050%	1h	377.97	+0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.70	−0.069%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	377.91	−0.013%	$1.3M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.96	0.000%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.85	−0.029%	$1.4M	$3.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.01	+0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.98	+0.005%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.00	+0.011%	$748	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.019%	$519K	$386K	10x	as long as short
Bullet TSLA-USD	+0.0115%	1h	378.07	+0.029%	$5K	$93K	10x	as long as short
Aster TSLAUSDT	+0.0136%	8h	378.23	+0.071%	$576K	$200K	50x	as long as short
Nado TSLA-PERP	+0.0173%	1h	377.83	−0.034%	$501K	$99K	20x	as long as short
Variational Omni TSLA	+0.0174%	8h	378.13	+0.045%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0190%	8h	378.20	+0.063%	$586K	$372K	20x	as long as short
Extended TSLA_24_5-USD	+0.0192%	1h	377.99	+0.008%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0193%	8h	378.11	+0.040%	$47.5M	$115.3M	25x	as long as short
Phoenix TSLA	+0.0297%	1h	378.34	+0.101%	$1.3M	$484K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.12	+0.041%	$229K	$656K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0560%	8h	378.35	+0.104%	$850K	$2.9M	10x	as long as short