Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0318%/8h= −34.9% APRpaid last 24h −0.088%

Price spread now: Aster against Phoenix+0.007%85s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.396% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.615%−$61 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.007%, 7d avg −0.023%

Together, before fees−0.703%+ Points / potential airdropAster: Stage 5 · farm board−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.030% dearer against Phoenix than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	375.76	0.0318	pay 0.0040% / 1h	36m 07s	$1.3M	$528K	20x
Short	Aster TSLAUSDT	375.79	0	get 0.0000% / 8h	1h 36m	$574K	$199K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$66.87
Price spread: +0.007% → −0.023%: $3.01
Slippage, 4 orders: −$24.59
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$103.44
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Phoenix: live order book, 7 min ago; Aster: live order book, 6 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, 7 min ago	3.99 bp	12.3 bp −$12	26.1 bp −$261	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.06 bp	7.5 bp −$7	11.5 bp −$115	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
Hotstuff TSLA-PERP	−0.0056%	1h	375.43	−0.088%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0052%	4h	375.75	−0.003%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDTshort	0.0000%	8h	375.79	+0.007%	$574K	$199K	50x
Extended TSLA_24_5-USD	0.0000%	1h	375.67	−0.025%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.75	−0.001%	$47.1M	$113.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.71	−0.013%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.73	−0.008%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.78	+0.005%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.68	−0.021%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.77	+0.002%	$1.9M	$1.3M	—	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	375.83	+0.019%	$199K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.71	−0.013%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0016%	8h	375.85	+0.024%	$578K	$355K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	375.62	−0.037%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.63	−0.035%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.60	−0.043%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.63	−0.035%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.44	−0.085%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.66	−0.027%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.64	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.41	−0.093%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.73	−0.008%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.64	−0.032%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.50	−0.069%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.53	−0.061%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.65	−0.029%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.71	−0.013%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.152%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.79	+0.007%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0152%	1h	375.70	−0.016%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0195%	8h	375.82	+0.017%	$846K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.57	+1.014%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0223%	1h	375.76	0.000%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0256%	1h	375.60	−0.043%	$18K	$194K	10x	as long as short
Nado TSLA-PERP	+0.0295%	1h	375.46	−0.079%	$488K	$111K	20x	as long as short
Phoenix TSLAlong	+0.0318%	1h	375.76	long leg	$1.3M	$528K	20x