TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0354%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.083%

Price spread now: Phoenix against Polymarket Perps+0.035%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.535%+$54 on $10k

Price spread, last 7 days+0.186%+$19 · spread now +0.035%, 7d avg +0.108%

Together, before fees+0.721%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.108%). If the spread goes back, that is −$7 on $10k: about 17 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	376.00	0.0050	pay 0.0006% / 1h	45m 31s	$300K	$161K	10x
Short	Phoenix TSLA	376.13	0.0404	get 0.0050% / 1h	45m 31s	$1.3M	$507K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.035%Rate

Funding earned: $74.28
Price spread: +0.035% → +0.108%: −$7.34
Slippage, 4 orders: −$18.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.19
Costs to cover: 0.338%
Break-even: 3.9 days

Slippage from Polymarket Perps: live order book, 52 min ago; Phoenix: 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	8.5 bp −$8	9.0 bp −$90	9.5 bp −$950	doesn't fit
Sell Phoenix live order book, 3 min ago	2.66 bp	9.6 bp −$10	19.1 bp −$191	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	−0.0515%	4h	376.02	+0.004%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.15	+0.040%	$10.2M	$15.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.12	+0.032%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.07	+0.019%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.10	+0.027%	$17.3M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.16	+0.043%	$200K	$925K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.97	−0.008%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.10	+0.027%	$1.1M	$14K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0003%	8h	376.20	+0.053%	$851K	$2.9M	10x	as long as short
Aster TSLAUSDT	+0.0014%	8h	376.28	+0.074%	$574K	$200K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0029%	1h	375.88	−0.031%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.07	+0.019%	$805K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.08	+0.021%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.01	+0.003%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.17	+0.045%	—	$125K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.09	+0.024%	$1.2M	$6.2M	10x	as long as short
Variational Omni TSLA	+0.0050%	8h	376.08	+0.022%	$1.8M	$1.3M	—	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.95	−0.013%	$44.6M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	376.00	long leg	$300K	$161K	10x
SoDEX TSLA-USD	+0.0050%	1h	376.06	+0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.97	−0.008%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0064%	1h	376.22	+0.059%	$6K	$92K	10x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.04	+0.012%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0074%	8h	376.09	+0.024%	$581K	$358K	20x	as long as short
Binance TSLAUSDT	+0.0076%	8h	376.18	+0.047%	$47.1M	$114.4M	25x	as long as short
Pacifica TSLA	+0.0100%	1h	375.97	−0.008%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.98	−0.005%	$1.5M	$2.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.81	−0.051%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.14	+0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.11	+0.030%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0146%	1h	376.07	+0.018%	$498K	$116K	20x	as long as short
Hotstuff TSLA-PERP	+0.0152%	1h	375.90	−0.027%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	376.02	+0.005%	$507K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.58	+0.952%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	376.16	+0.042%	$215K	$653K	20x	as long as short
Phoenix TSLAshort	+0.0404%	1h	376.13	+0.035%	$1.3M	$507K	20x