Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Polymarket Perps+0.077%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.077%, 7d avg +0.049%

Together, before fees−0.144%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.049%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	376.22	0.0050	pay 0.0006% / 1h	24m 46s	$301K	$309K	10x
Short	Phemex TSLAUSDT	376.51	0	get 0.0000% / 4h	3h 24m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$10.5
Price spread: +0.077% → +0.049%: $2.85
Slippage, 4 orders: −$65.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$92.89
Costs to cover: 0.852%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 27 min ago; Phemex: 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, 27 min ago	0.13 bp	4.9 bp −$5	4.9 bp −$49	6.7 bp −$668	doesn't fit
Sell Phemex live order book, 3 min ago	2.52 bp	42.6 bp −$43	doesn't fit	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	−0.0547%	4h	376.47	+0.067%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.50	+0.075%	$577K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.29	+0.019%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.42	+0.053%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.40	+0.048%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.37	+0.040%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.45	+0.062%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.38	+0.043%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.33	+0.028%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.45	+0.061%	$200K	$893K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.20	−0.005%	$18K	$192K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.51	+0.077%	$1.1M	$14K	10x
BloFin TSLA-USDT	+0.0003%	8h	376.40	+0.048%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	376.27	+0.014%	$38K	$41K	10x	as long as short
Gate TSLA_USDT	+0.0027%	8h	376.42	+0.053%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.39	+0.045%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.40	+0.048%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.14	−0.021%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.33	+0.029%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.12	−0.027%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	376.22	long leg	$301K	$309K	10x
SoDEX TSLA-USD	+0.0050%	1h	376.32	+0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.08	−0.037%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0064%	1h	376.38	+0.043%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.024%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0096%	8h	376.49	+0.072%	$855K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.15	−0.018%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.24	+0.005%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.25	+0.008%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.41	+0.051%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.35	+0.034%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0126%	1h	376.43	+0.056%	$5K	$90K	10x	as long as short
Hotstuff TSLA-PERP	+0.0136%	1h	376.18	−0.011%	$34K	—	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.415%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0223%	1h	376.27	+0.013%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.40	+0.048%	$1.3M	$540K	20x	as long as short