Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Phemex−0.061%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.061%, 7d avg −0.063%

Together, before fees+0.143%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$1 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	377.43	0	get 0.0000% / 4h	1h 48m	$1.1M	$15K	10x
Short	tradeXYZ xyz:TSLA	377.20	0.0043	get 0.0005% / 1h	48m 30s	$44.4M	$14.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: $9.08
Price spread: −0.061% → −0.063%: $0.21
Slippage, 4 orders: −$56.95
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$77.65
Costs to cover: 0.869%
Break-even: 66.8 days

Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 11 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	2.65 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.40 bp	10.4 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit

TSLA on 35 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	−0.0072%	4h	377.37	−0.016%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.51	+0.020%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.38	−0.013%	$479K	$7.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.50	+0.020%	$47.4M	$110.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.55	+0.032%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.42	−0.003%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.54	+0.028%	$290K	$598K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.43	0.000%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.41	−0.005%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.55	+0.032%	$851K	$2.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.38	−0.013%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.33	−0.026%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	−0.026%	$513K	$328K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.43	long leg	$1.1M	$15K	10x
Aftermath Perps TSLAUSD	+0.0008%	1h	377.24	−0.051%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.38	−0.013%	$1.2M	$6.6M	10x	as long as short
Bullet TSLA-USD	+0.0032%	1h	377.46	+0.008%	$5K	$92K	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.46	+0.008%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.48	+0.013%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	377.16	−0.072%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.34	−0.024%	$162K	$95K	10x	as long as short
tradeXYZ xyz:TSLAshort	+0.0043%	1h	377.20	−0.061%	$44.4M	$14.3M	20x
Vest TSLA-USD-PERP	+0.0046%	1h	377.49	+0.016%	—	$130K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.34	−0.024%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.35	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.17	−0.069%	$1.5M	$1.1M	10x	as long as short
Gate TSLA_USDT	+0.0097%	8h	377.47	+0.011%	$2.3M	$3.7M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	377.33	−0.026%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.32	−0.029%	$1.5M	$104K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.34	−0.024%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.39	−0.011%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.36	−0.020%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0115%	1h	377.37	−0.016%	$491K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.43	+0.265%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.50	+0.019%	$1.3M	$539K	20x	as long as short