Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0362%/8h= −39.7% APRpaid last 24h −0.041%

Price spread now: Gate against Phoenix−0.027%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Phoenix Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.507%−$51 on $10k

Price spread, last 7 days−0.050%−$5 · spread now −0.027%, 7d avg −0.015%

Together, before fees−0.556%−$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$11 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	375.75	0.0362	pay 0.0045% / 1h	0m 52s	$1.3M	$547K	20x
Short	Gate TSLA_USDT	375.65	0	get 0.0000% / 8h	0m 52s	$2.3M	$4.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$76.1
Price spread: −0.027% → −0.015%: −$1.2
Slippage, 4 orders: −$24.33
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.63
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Phoenix: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	3.19 bp	10.6 bp −$11	21.9 bp −$219	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.26 bp	10.7 bp −$11	22.3 bp −$223	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	−0.0922%	4h	375.73	−0.005%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0019%	8h	375.66	−0.024%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.63	−0.032%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.63	−0.033%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.67	−0.021%	$46.9M	$110.2M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.73	−0.005%	$10.1M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.67	−0.021%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDTshort	0.0000%	8h	375.65	−0.027%	$2.3M	$4.1M	100x
Bitget TSLAUSDT	0.0000%	8h	375.63	−0.032%	$16.6M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.62	−0.033%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	375.71	−0.011%	$199K	$895K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.54	−0.056%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.74	−0.003%	$1.1M	$13K	10x	as long as short
Bullet TSLA-USD	+0.0002%	1h	375.66	−0.024%	$5K	$91K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.64	−0.029%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.56	−0.051%	$1.2M	$7.3M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.65	−0.027%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.71	−0.011%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.47	−0.075%	$34K	—	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	−0.019%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.47	−0.075%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.50	−0.067%	$297K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.62	−0.035%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.33	−0.112%	$1.6M	$1.0M	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.54	−0.056%	$165K	$95K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.71	−0.011%	$254K	$577K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.56	−0.051%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.56	−0.051%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.59	−0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.57	−0.048%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.63	−0.033%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0114%	1h	375.60	−0.040%	$493K	$110K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.170%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0144%	8h	375.87	+0.031%	$849K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.78	+0.274%	$78K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0362%	1h	375.75	long leg	$1.3M	$547K	20x