TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h −0.069%

Price spread now: Coinbase International against Phoenix−0.032%72s7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$350.350% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now −0.032%, 7d avg −0.131%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.100% dearer against Phoenix than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.131%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. The two prices were read 72 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	376.14	0.0404	pay 0.0050% / 1h	46m 08s	$1.3M	$507K	20x
Short	Coinbase International TSLA-PERP-INTX	376.02	0.0160	get 0.0020% / 1h	46m 08s	$507K	$357K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$51.18
Price spread: −0.032% → −0.131%: $9.95
Slippage, 4 orders: −$18.01
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$76.24
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; Coinbase International: live order book, 52 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	2.66 bp	9.6 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	2.79 bp	7.8 bp −$8	10.6 bp −$106	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	−0.0515%	4h	376.02	−0.033%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.09	−0.013%	$10.2M	$15.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.04	−0.027%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.11	−0.008%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.06	−0.021%	$17.3M	$23.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.07	−0.019%	$200K	$924K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.97	−0.045%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.10	−0.011%	$1.1M	$14K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0003%	8h	376.20	+0.016%	$851K	$2.9M	10x	as long as short
Aster TSLAUSDT	+0.0014%	8h	376.28	+0.038%	$574K	$200K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0030%	1h	375.88	−0.069%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.09	−0.013%	$805K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.10	−0.011%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.94	−0.053%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.13	−0.003%	—	$125K	25x	as long as short
Variational Omni TSLA	+0.0048%	8h	376.06	−0.020%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.09	−0.013%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.92	−0.058%	$44.6M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.95	−0.051%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.06	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.97	−0.045%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0069%	1h	376.12	−0.006%	$6K	$92K	10x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.05	−0.023%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0074%	8h	376.09	−0.013%	$581K	$358K	20x	as long as short
Binance TSLAUSDT	+0.0076%	8h	376.17	+0.008%	$47.1M	$114.4M	25x	as long as short
Pacifica TSLA	+0.0100%	1h	375.87	−0.071%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.91	−0.061%	$1.5M	$2.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.92	−0.058%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.14	0.000%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.11	−0.008%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0144%	1h	375.97	−0.045%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0150%	1h	376.02	−0.032%	$498K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0160%	1h	376.02	−0.032%	$507K	$357K	10x
Injective TSLA/USDC PERP	+0.0220%	1h	379.58	+0.915%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	376.15	+0.003%	$215K	$653K	20x	as long as short
Phoenix TSLAlong	+0.0404%	1h	376.14	long leg	$1.3M	$507K	20x