Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0254%/8h= −27.9% APRpaid last 24h −0.102%

Price spread now: Bitget against Phoenix−0.053%7-day average −0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.624%−$62 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.053%, 7d avg −0.026%

Together, before fees−0.651%−$65 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 Bitget is 0.027% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	377.37	0.0254	pay 0.0032% / 1h	38m 43s	$1.3M	$539K	20x
Short	Bitget TSLAUSDT	377.17	0	get 0.0000% / 8h	5h 38m	$17.0M	$22.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$53.42
Price spread: −0.053% → −0.026%: −$2.65
Slippage, 4 orders: −$19.6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.67
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Phoenix: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	3.44 bp	11.2 bp −$11	23.5 bp −$235	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.53 bp	7.1 bp −$7	9.9 bp −$99	25.9 bp −$2,594	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	−0.0390%	4h	377.07	−0.080%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.17	−0.053%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.04	−0.088%	$479K	$7.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.14	−0.061%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.19	−0.048%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.07	−0.079%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.12	−0.067%	$290K	$599K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.71	−0.175%	$34K	—	20x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	377.17	−0.053%	$17.0M	$22.9M	100x
Variational Omni TSLA	0.0000%	8h	377.02	−0.092%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	377.34	−0.009%	$850K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.08	−0.077%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.96	−0.109%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	−0.011%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.16	−0.056%	$1.1M	$15K	10x	as long as short
BloFin TSLA-USDT	+0.0010%	8h	377.33	−0.011%	$577K	$341K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	377.06	−0.082%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.08	−0.077%	$1.2M	$6.6M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.08	−0.077%	$820K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.12	−0.066%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.06	−0.082%	$161K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.08	−0.077%	—	$130K	25x	as long as short
Bullet TSLA-USD	+0.0046%	1h	377.11	−0.069%	$5K	$92K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.83	−0.143%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.01	−0.095%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.03	−0.090%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.97	−0.106%	$1.5M	$1.1M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.99	−0.101%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.04	−0.087%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.09	−0.074%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.05	−0.085%	$41K	$22K	20x	as long as short
Gate TSLA_USDT	+0.0102%	8h	377.12	−0.066%	$2.3M	$3.7M	100x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.00	−0.098%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0141%	1h	376.91	−0.121%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.30	+0.246%	$79K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0254%	1h	377.37	long leg	$1.3M	$539K	20x