Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.089%

Price spread now: BloFin against Phoenix−0.021%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.473%−$47 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.021%, 7d avg −0.027%

Together, before fees−0.500%−$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	376.62	0.0298	pay 0.0037% / 1h	56m 03s	$1.3M	$528K	20x
Short	BloFin TSLA-USDT	376.54	0.0015	get 0.0015% / 8h	1h 56m	$576K	$355K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$59.3
Price spread: −0.021% → −0.027%: $0.58
Slippage, 4 orders: −$15.17
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$92.89
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; BloFin: live order book, 30 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, 2 min ago	2.65 bp	9.8 bp −$10	19.8 bp −$198	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	0.27 bp	7.6 bp −$8	9.1 bp −$91	17.7 bp −$1,765	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	−0.0665%	4h	376.66	+0.009%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.46	−0.044%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.37	−0.066%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.46	−0.041%	$47.3M	$113.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.44	−0.048%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	−0.053%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.44	−0.048%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.74	+0.031%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.42	−0.053%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.49	−0.035%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	+0.0005%	8h	376.46	−0.042%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDTshort	+0.0015%	8h	376.54	−0.021%	$576K	$355K	20x
Aftermath Perps TSLAUSD	+0.0021%	1h	376.43	−0.050%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.31	−0.082%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.36	−0.069%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.41	−0.056%	—	$125K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	376.29	−0.088%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.13	−0.130%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.28	−0.090%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.35	−0.072%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.15	−0.125%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.45	−0.045%	$1.3M	$6.2M	10x	as long as short
Lighter TSLA	+0.0072%	1h	376.34	−0.074%	$836K	$3.7M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.17	−0.120%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.10	−0.138%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.56	−0.016%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.31	−0.082%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.34	−0.074%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.48	−0.037%	$508K	$347K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.52	−0.027%	$216K	$618K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0149%	1h	376.22	−0.106%	$18K	$193K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0183%	8h	376.88	+0.069%	$856K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0188%	1h	376.43	−0.049%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.38	+0.202%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0259%	1h	376.23	−0.105%	$488K	$110K	20x	as long as short
Phoenix TSLAlong	+0.0298%	1h	376.62	long leg	$1.3M	$528K	20x