Funding you earn now, next payment 21:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h −0.153%
Price spread now: Hotstuff against Phoenix−0.123%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Hotstuff is 0.123% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 | 375.35 | 0.0384 | pay 0.0048% / 1h | 24m 07s | $1.3M | $458K | 20x |
| Short | Hotstuff TSLA-PERP | 374.89 | −0.0008 | pay 0.0001% / 1h | 24m 07s | $34K | — | 20x |
Phoenix TSLA
Hotstuff TSLA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$82.23
- Price spread: −0.123% → 0.000%
- −$12.26
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$106.49
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.
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, 4 min ago | 2.66 bp | 9.6 bp −$10 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0668% | 4h | 375.09 | −0.070% | $397K | $1.0M | 10x | as long as short |
| Hotstuff TSLA-PERPshort | −0.0008% | 1h | 374.89 | −0.123% | $34K | — | 20x | |
| BloFin TSLA-USDT | −0.0005% | 8h | 375.12 | −0.061% | $571K | $339K | 20x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 375.04 | −0.082% | $588K | $187K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 375.08 | −0.072% | $476K | $10.6M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 375.13 | −0.058% | $46.9M | $110.1M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 375.25 | −0.027% | $10.2M | $15.6M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 375.14 | −0.056% | $11.2M | $16.8M | 25x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 375.14 | −0.056% | $2.3M | $4.2M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 375.09 | −0.069% | $16.6M | $22.5M | 100x | as long as short |
edgeX TSLAUSDC
BloFin TSLA-USDT
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
Gate TSLA_USDT
Bitget TSLAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TSLA | 0.0000% | 8h | 375.10 | −0.066% | $1.8M | $1.2M | — | as long as short |
| StandX TSLA-USD | 0.0000% | 1h | 375.09 | −0.069% | $199K | $897K | 20x | as long as short |
| Bullet TSLA-USD | 0.0000% | 1h | 375.14 | −0.056% | $5K | $91K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 375.12 | −0.061% | $1.1M | $13K | 10x | as long as short |
| Nado TSLA-PERP | +0.0002% | 1h | 374.96 | −0.103% | $484K | $90K | 20x | as long as short |
| Aftermath Perps TSLAUSD | +0.0017% | 1h | 375.02 | −0.088% | $38K | $50K | 10x | as long as short |
| Lighter TSLA | +0.0032% | 1h | 375.07 | −0.075% | $648K | $3.4M | 20x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 375.15 | −0.053% | $1.2M | $2.7M | 20x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 375.12 | −0.061% | — | $133K | 25x | as long as short |
| QFEX TSLA-USD | +0.0046% | 1h | 375.09 | −0.069% | $1.2M | $7.1M | 10x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 374.93 | −0.112% | $43.5M | $14.4M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 374.92 | −0.115% | $297K | $292K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 375.09 | −0.069% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 374.73 | −0.165% | $1.6M | $1.0M | 10x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | +0.0097% | 1h | 375.17 | −0.048% | $20K | $185K | 10x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 374.94 | −0.109% | $389K | $37K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 374.99 | −0.096% | $1.5M | $159K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 375.04 | −0.083% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 375.02 | −0.088% | $41K | $20K | 20x | as long as short |
| RISEx TSLA/USDC | +0.0103% | 1h | 375.17 | −0.048% | $174K | $529K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 375.06 | −0.076% | $743 | — | 10x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0132% | 8h | 375.17 | −0.049% | $847K | $3.0M | 10x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0136% | 1h | 375.11 | −0.064% | $529K | $332K | 10x | as long as short |
| Arcus TSLA-USD | +0.0188% | 1h | 374.99 | −0.096% | $153K | $84K | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 376.03 | +0.181% | $78K | $36K | 30x | as long as short |
| Phoenix TSLAlong | +0.0384% | 1h | 375.35 | long leg | $1.3M | $458K | 20x |
Variational Omni TSLA
StandX TSLA-USD
Bullet TSLA-USD
Phemex TSLAUSDT
Nado TSLA-PERP
Aftermath Perps TSLAUSD
Lighter TSLA
Lighter RH TSLA
Vest TSLA-USD-PERP
QFEX TSLA-USD
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
Deribit TSLA_USDC-PERPETUAL
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
RISEx TSLA/USDC
Aevo TSLA-PERP
GRVT TSLA_USDT_Perp
Coinbase International TSLA-PERP-INTX
Arcus TSLA-USD
Injective TSLA/USDC PERP