Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.003%

Price spread now: Aster against QFEX+0.029%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.029%, 7d avg +0.051%

Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · farm board+$2 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 Aster is 0.023% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.62	0.0052	pay 0.0006% / 1h	33m 30s	$1.2M	$6.2M	10x
Short	Aster TSLAUSDT	375.73	0	get 0.0000% / 8h	1h 33m	$574K	$199K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$10.87
Price spread: +0.029% → +0.051%: −$2.28
Slippage, 4 orders: −$9.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.12
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; Aster: live order book, 9 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 QFEX live order book, 10 min ago	1.46 bp	6.5 bp −$6	7.5 bp −$75	13.2 bp −$1,319	doesn't fit
Sell Aster live order book, 9 min ago	1.06 bp	7.5 bp −$7	11.5 bp −$115	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	−0.0397%	4h	375.74	+0.032%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0018%	8h	375.75	+0.035%	$578K	$355K	20x	as long as short
Aster TSLAUSDTshort	0.0000%	8h	375.73	+0.029%	$574K	$199K	50x
Extended TSLA_24_5-USD	0.0000%	1h	375.59	−0.008%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.67	+0.013%	$47.1M	$113.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.61	−0.003%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.65	+0.008%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.67	+0.013%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.59	−0.008%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.70	+0.021%	$1.9M	$1.3M	—	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	375.66	+0.011%	$199K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.71	+0.024%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0025%	1h	375.62	0.000%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.58	−0.011%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.50	−0.032%	$134K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.51	−0.029%	—	$121K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.35	−0.072%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.55	−0.019%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.57	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.30	−0.085%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDlong	+0.0052%	1h	375.62	long leg	$1.2M	$6.2M	10x
Deribit TSLA_USDC-PERPETUAL	+0.0070%	1h	375.45	−0.045%	$18K	$194K	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	375.36	−0.069%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.52	−0.027%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.44	−0.048%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.45	−0.045%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.61	−0.003%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.58	−0.011%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.189%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.70	+0.021%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0152%	1h	375.60	−0.005%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0201%	8h	375.85	+0.061%	$846K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.57	+1.052%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0227%	1h	375.66	+0.011%	$5K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0295%	1h	375.36	−0.070%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.78	+0.043%	$1.3M	$528K	20x	as long as short