Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0954%/8h= −104.4% APRpaid last 24h −0.261%

Price spread now: edgeX against Phoenix−0.009%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.682%−$68 on $10k

Price spread, last 7 days−0.108%−$11 · spread now −0.009%, 7d avg −0.067%

Together, before fees−0.790%+ Points / potential airdropedgeX: Active · farm board−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.058% dearer against Phoenix than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.067%): +$6 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.682% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	377.17	0.0254	pay 0.0032% / 1h	11m 06s	$1.3M	$539K	20x
Short	edgeX TSLAUSDC	377.14	−0.0699	pay 0.0350% / 4h	1h 11m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$200.3
Price spread: −0.009% → −0.067%: $5.82
Slippage, 4 orders: −$22.92
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$233.4
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; edgeX: 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, 2 min ago	3.18 bp	10.5 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	4.24 bp	9.0 bp −$9	12.0 bp −$120	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 TSLAUSDCshort	−0.0699%	4h	377.14	−0.009%	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	377.18	+0.004%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.02	−0.040%	$484K	$6.1M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.13	−0.011%	$47.4M	$110.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.21	+0.011%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.13	−0.011%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.19	+0.004%	$290K	$586K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.09	−0.021%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.06	−0.029%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.16	−0.003%	$200K	$909K	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	376.96	−0.056%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.04	−0.034%	$513K	$331K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.15	−0.005%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	377.16	−0.003%	$578K	$354K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	377.09	−0.023%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.10	−0.019%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.11	−0.016%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.99	−0.048%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.10	−0.019%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.80	−0.098%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.02	−0.040%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.06	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.80	−0.098%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0053%	8h	377.30	+0.033%	$846K	$2.8M	10x	as long as short
Lighter TSLA	+0.0064%	1h	377.10	−0.019%	$820K	$3.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	376.81	−0.095%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0096%	1h	377.13	−0.011%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.01	−0.042%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.97	−0.053%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.00	−0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.09	−0.021%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.01	−0.041%	$746	—	10x	as long as short
Gate TSLA_USDT	+0.0126%	8h	377.12	−0.013%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0179%	1h	376.98	−0.051%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.16	+0.262%	$79K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0254%	1h	377.17	long leg	$1.3M	$539K	20x