Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against Polymarket Perps+0.085%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.085%, 7d avg +0.093%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	375.21	0.0050	pay 0.0006% / 1h	48m 04s	$297K	$292K	10x
Short	Bybit TSLAUSDT	375.53	0	get 0.0000% / 8h	48m 04s	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$10.5
Price spread: +0.085% → +0.093%: −$0.76
Slippage, 4 orders: −$9.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.76
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 29 min ago; Bybit: live order book, just now.

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 Polymarket Perps live order book, 29 min ago	2.53 bp	6.8 bp −$7	7.8 bp −$78	9.0 bp −$897	doesn't fit
Sell Bybit live order book, just now	0.27 bp	7.4 bp −$7	11.2 bp −$112	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	−0.0546%	4h	375.33	+0.031%	$397K	$1.0M	10x	as long as short
Nado TSLA-PERP	−0.0048%	1h	375.35	+0.036%	$485K	$90K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.29	+0.021%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.36	+0.039%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.42	+0.056%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.53	+0.085%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.46	+0.067%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.42	+0.056%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.36	+0.040%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.34	+0.034%	$1.8M	$1.2M	—	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	375.42	+0.056%	$199K	$899K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.42	+0.055%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.40	+0.051%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.38	+0.045%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0012%	1h	375.15	−0.017%	$38K	$48K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	375.43	+0.059%	$523K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.35	+0.037%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.38	+0.045%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.41	+0.053%	$1.2M	$2.6M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.43	+0.059%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.23	+0.005%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	375.21	long leg	$297K	$292K	10x
SoDEX TSLA-USD	+0.0050%	1h	375.37	+0.043%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.10	−0.029%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	375.20	−0.003%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.28	+0.019%	$153K	$84K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.47	+0.069%	$185K	$536K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.26	+0.015%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.12	−0.024%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.21	0.000%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.24	+0.008%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.35	+0.038%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.027%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0122%	8h	375.43	+0.059%	$848K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.07	+0.229%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.45	+0.064%	$1.3M	$547K	20x	as long as short