Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0715%/8h= −78.3% APRpaid last 24h −0.210%

Price spread now: edgeX against Polymarket Perps+0.100%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.100%, 7d avg +0.049%

Together, before fees−0.206%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.051% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.049%): +$5 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.154% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	376.28	0.0050	pay 0.0006% / 1h	55m 22s	$301K	$307K	10x
Short	edgeX TSLAUSDC	376.66	−0.0665	pay 0.0333% / 4h	1h 55m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$150.26
Price spread: +0.100% → +0.049%: $5.1
Slippage, 4 orders: −$15.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$177.4
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 52 min ago; edgeX: live order book, 3 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 Polymarket Perps live order book, 52 min ago	1.86 bp	7.7 bp −$8	7.7 bp −$77	9.4 bp −$944	doesn't fit
Sell edgeX live order book, 3 min ago	4.38 bp	9.0 bp −$9	11.9 bp −$119	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 TSLAUSDCshort	−0.0665%	4h	376.66	+0.100%	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	376.45	+0.045%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.37	+0.025%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.46	+0.048%	$47.3M	$113.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.41	+0.035%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.40	+0.032%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.44	+0.043%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	+0.032%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	+0.032%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.49	+0.056%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	+0.0005%	8h	376.47	+0.050%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDT	+0.0015%	8h	376.54	+0.069%	$576K	$355K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.38	+0.025%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.31	+0.008%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.31	+0.008%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.34	+0.016%	—	$125K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	376.29	+0.003%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.11	−0.045%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	376.28	long leg	$301K	$307K	10x
SoDEX TSLA-USD	+0.0050%	1h	376.35	+0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.15	−0.035%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.35	+0.019%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.13	−0.039%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.08	−0.053%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	−0.016%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.33	+0.013%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.34	+0.016%	$745	—	10x	as long as short
Lighter TSLA	+0.0120%	1h	376.34	+0.016%	$836K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.48	+0.053%	$508K	$347K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.51	+0.061%	$216K	$618K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0149%	1h	376.22	−0.016%	$18K	$193K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0184%	8h	376.54	+0.068%	$847K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0188%	1h	376.43	+0.041%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.38	+0.292%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0293%	1h	376.13	−0.039%	$488K	$110K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.62	+0.090%	$1.3M	$528K	20x	as long as short