Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h −0.030%

Price spread now: GRVT against Phoenix+0.016%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.016%, 7d avg −0.022%

Together, before fees−0.563%+ Points / potential airdropGRVT: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.037% dearer against Phoenix than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.022%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours.

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	47m 17s	$1.3M	$507K	20x
Short	GRVT TSLA_USDT_Perp	376.20	0.0003	get 0.0003% / 8h	7h 47m	$851K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$84.15
Price spread: +0.016% → −0.022%: $3.72
Slippage, 4 orders: −$17.4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$113.84
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Phoenix: live order book, 1 min ago; GRVT: live order book, 1 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, 1 min ago	2.66 bp	9.6 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	0.13 bp	7.9 bp −$8	12.4 bp −$124	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	376.02	−0.032%	$10.2M	$15.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.00	−0.037%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.98	−0.043%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.96	−0.048%	$17.3M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.11	−0.008%	$200K	$923K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.76	−0.101%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.03	−0.029%	$1.1M	$14K	10x	as long as short
GRVT TSLA_USDT_Perpshort	+0.0003%	8h	376.20	+0.016%	$851K	$2.9M	10x
Aster TSLAUSDT	+0.0014%	8h	376.15	+0.003%	$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	+0.0031%	1h	375.91	−0.062%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.91	−0.061%	$804K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.92	−0.058%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.88	−0.069%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.06	−0.021%	—	$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	376.06	−0.021%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.74	−0.106%	$44.6M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.76	−0.101%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.87	−0.072%	$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
Extended TSLA_24_5-USD	+0.0072%	1h	375.93	−0.055%	$483K	$2.7M	10x	as long as short
Bullet TSLA-USD	+0.0074%	1h	376.03	−0.030%	$6K	$92K	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	376.03	−0.029%	$47.0M	$114.4M	25x	as long as short
Pacifica TSLA	+0.0100%	1h	375.92	−0.058%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.89	−0.066%	$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	376.00	−0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.92	−0.057%	$744	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0144%	1h	375.97	−0.045%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0151%	1h	375.90	−0.065%	$498K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	376.02	−0.032%	$507K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.58	+0.915%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	376.20	+0.016%	$215K	$653K	20x	as long as short
Phoenix TSLAlong	+0.0404%	1h	376.14	long leg	$1.3M	$507K	20x