Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.090%

Price spread now: Variational Omni against Phoenix−0.020%7-day average −0.038% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.167%−$17 on $10k

Price spread, last 7 days−0.072%−$7 · spread now −0.020%, 7d avg −0.038%

Together, before fees−0.240%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$9 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	376.31	0.0298	pay 0.0037% / 1h	15m 27s	$1.3M	$528K	20x
Short	Variational Omni TSLA	376.23	0	get 0.0000% / 8h	2h 15m	$1.9M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: −$62.52
Price spread: −0.020% → −0.038%: $1.76
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$67.76
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 3 min ago	4.25 bp	10.0 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.01 bp	doesn't fit	5.2 bp −$52	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	−0.0397%	4h	376.32	+0.003%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0021%	8h	376.34	+0.008%	$576K	$354K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.32	+0.001%	$576K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.16	−0.040%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.20	−0.029%	$47.2M	$113.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.17	−0.037%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.11	−0.053%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.23	−0.021%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.15	−0.043%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLAshort	0.0000%	8h	376.23	−0.020%	$1.9M	$1.3M	—

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.17	−0.037%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.24	−0.019%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	376.05	−0.068%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.18	−0.035%	$1.3M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.96	−0.093%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.12	−0.050%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.88	−0.114%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.069%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.18	−0.035%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.85	−0.122%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.22	−0.024%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.31	0.000%	$217K	$619K	20x	as long as short
Hotstuff TSLA-PERP	+0.0088%	1h	375.92	−0.104%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.94	−0.098%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.090%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.05	−0.069%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.22	−0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.21	−0.027%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.048%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0120%	1h	376.21	−0.027%	$829K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0165%	8h	376.34	+0.009%	$854K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0171%	1h	376.24	−0.019%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.858%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0229%	1h	376.18	−0.035%	$18K	$193K	10x	as long as short
Nado TSLA-PERP	+0.0236%	1h	376.02	−0.077%	$488K	$110K	20x	as long as short
Phoenix TSLAlong	+0.0298%	1h	376.31	long leg	$1.3M	$528K	20x