Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.088%

Price spread now: Binance against Phoenix−0.086%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.605%−$60 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.086%, 7d avg −0.029%

Together, before fees−0.610%−$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	376.67	0.0255	pay 0.0032% / 1h	54m 37s	$1.3M	$540K	20x
Short	Binance TSLAUSDT	376.34	0	get 0.0000% / 8h	3h 54m	$47.3M	$111.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.086%Rate

Funding earned: −$53.47
Price spread: −0.086% → −0.029%: −$5.76
Slippage, 4 orders: −$13.85
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.09
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 min ago; Binance: live order book, 3 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, 4 min ago	2.65 bp	9.6 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.13 bp	6.3 bp −$6	10.1 bp −$101	29.0 bp −$2,901	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	−0.0732%	4h	376.40	−0.073%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.41	−0.070%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.25	−0.112%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	376.34	−0.086%	$47.3M	$111.0M	25x
Bybit TSLAUSDT	0.0000%	8h	376.41	−0.069%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.31	−0.096%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.42	−0.068%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.29	−0.101%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	−0.072%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.41	−0.069%	$200K	$902K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.15	−0.138%	$20K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.42	−0.066%	$1.1M	$14K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0020%	1h	376.05	−0.165%	$44.4M	$14.6M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.43	−0.062%	$38K	$41K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	376.37	−0.080%	$578K	$352K	20x	as long as short
Bullet TSLA-USD	+0.0030%	1h	376.34	−0.088%	$5K	$91K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.31	−0.096%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.35	−0.085%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.33	−0.090%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.16	−0.135%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.37	−0.080%	—	$130K	25x	as long as short
Gate TSLA_USDT	+0.0049%	8h	376.36	−0.082%	$2.3M	$3.5M	100x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.21	−0.122%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.26	−0.109%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.191%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0063%	8h	376.44	−0.062%	$843K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	376.08	−0.157%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	−0.058%	$512K	$330K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.19	−0.127%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.28	−0.104%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.31	−0.096%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.18	−0.130%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.25	−0.111%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0162%	1h	376.26	−0.110%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.29	+0.165%	$78K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0255%	1h	376.67	long leg	$1.3M	$540K	20x