Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: OKX against Polymarket Perps+0.013%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.090%+$9 · spread now +0.013%, 7d avg +0.086%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.086%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	375.63	0.0050	pay 0.0006% / 1h	28m 01s	$300K	$307K	10x
Short	OKX TSLA-USDT-SWAP	375.68	0	get 0.0000% / 8h	2h 28m	$11.2M	$16.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.5
Price spread: +0.013% → +0.086%: −$7.26
Slippage, 4 orders: −$9.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.87
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 19 min ago; OKX: 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, 19 min ago	1.86 bp	7.7 bp −$8	7.7 bp −$77	9.4 bp −$944	doesn't fit
Sell OKX live order book, just now	0.13 bp	6.2 bp −$6	9.5 bp −$95	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	−0.0621%	4h	375.88	+0.067%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.79	+0.044%	$575K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.61	−0.004%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.69	+0.016%	$47.0M	$112.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.65	+0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	375.68	+0.013%	$11.2M	$16.9M	25x
Bitget TSLAUSDT	0.0000%	8h	375.68	+0.013%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.75	+0.031%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.83	+0.053%	$199K	$917K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.61	−0.005%	$18K	$193K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.76	+0.035%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0006%	8h	375.72	+0.024%	$576K	$353K	20x	as long as short
Gate TSLA_USDT	+0.0009%	8h	375.74	+0.029%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	375.57	−0.016%	$38K	$40K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.68	+0.013%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.52	−0.029%	$134K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.71	+0.021%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.45	−0.048%	$44.4M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	375.63	long leg	$300K	$307K	10x
SoDEX TSLA-USD	+0.0050%	1h	375.65	+0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.39	−0.064%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.70	+0.019%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	375.76	+0.036%	$217K	$618K	20x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	375.45	−0.048%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.54	−0.023%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.58	−0.013%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.68	+0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.72	+0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.62	−0.003%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.133%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0128%	1h	375.69	+0.016%	$829K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0160%	8h	375.89	+0.069%	$853K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0171%	1h	375.72	+0.024%	$4K	$89K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.71	+1.086%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0259%	1h	375.56	−0.019%	$487K	$113K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	375.88	+0.067%	$1.3M	$528K	20x	as long as short