TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0280%/8h= −30.6% APRnext payment −$0.35 per $10,000 · paid last 24h −0.046%

Price spread now: Arcus against Phoenix−0.051%7-day average −0.108% · 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−$28as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.051%, 7d avg −0.108%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.057% dearer against Phoenix than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.108%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.060% in total) that is about 3.2 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. 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	Phoenix TSLA	375.45	0.0362	pay 0.0045% / 1h	47m 15s	$1.3M	$547K	20x
Short	Arcus TSLA-USD	375.26	0.0083	get 0.0010% / 1h	47m 15s	$153K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$58.76
Price spread: −0.051% → −0.108%: $5.72
Slippage, 4 orders: −$22.33
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$86.87
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Phoenix: live order book, 1 min ago; Arcus: live order book, 31 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 Phoenix live order book, 1 min ago	2.66 bp	9.6 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Arcus live order book, 31 min ago	3.73 bp	6.0 bp −$6	7.9 bp −$79	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	−0.0655%	4h	375.37	−0.021%	$397K	$1.0M	10x	as long as short
Nado TSLA-PERP	−0.0047%	1h	375.29	−0.041%	$485K	$90K	20x	as long as short
BloFin TSLA-USDT	−0.0022%	8h	375.43	−0.005%	$522K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.29	−0.043%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.37	−0.021%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.44	−0.004%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.58	+0.035%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.49	+0.011%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.42	−0.008%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.37	−0.021%	$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	−0.030%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.41	−0.011%	$199K	$899K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.45	−0.001%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.39	−0.016%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0012%	1h	375.17	−0.073%	$38K	$48K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	375.36	−0.024%	$20K	$187K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.35	−0.027%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.39	−0.016%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.42	−0.008%	$1.2M	$2.6M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.42	−0.008%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.23	−0.059%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.19	−0.069%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.39	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.09	−0.096%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	375.17	−0.075%	$34K	—	20x	as long as short
Arcus TSLA-USDshort	+0.0083%	1h	375.26	−0.051%	$153K	$84K	10x
RISEx TSLA/USDC	+0.0085%	1h	375.43	−0.006%	$185K	$536K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.27	−0.047%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.13	−0.085%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.21	−0.064%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.20	−0.067%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.36	−0.024%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.091%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0122%	8h	375.44	−0.004%	$848K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.07	+0.165%	$78K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0362%	1h	375.45	long leg	$1.3M	$547K	20x