Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.004%

Price spread now: Binance against QFEX−0.037%53s7-day average +0.048% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.247% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.037%, 7d avg +0.048%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.085% cheaper against QFEX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.048%). If the spread goes back, that is −$9 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.014% in total) that is about 24 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.85	0.0048	pay 0.0006% / 1h	38m 47s	$1.2M	$6.2M	10x
Short	Binance TSLAUSDT	375.71	0.0073	get 0.0073% / 8h	7h 38m	$47.1M	$114.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.037%Rate

Funding earned: $5.21
Price spread: −0.037% → +0.048%: −$8.51
Slippage, 4 orders: −$4.66
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.97
Costs to cover: 0.247%
Break-even: 44.6 days

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 4 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, 5 min ago	1.33 bp	6.3 bp −$6	6.3 bp −$63	11.0 bp −$1,100	doesn't fit
Sell Binance live order book, 4 min ago	0.13 bp	6.5 bp −$6	9.5 bp −$95	29.2 bp −$2,915	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	−0.0184%	4h	375.74	−0.028%	$397K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.74	−0.029%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.65	−0.053%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.71	−0.037%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.61	−0.064%	$17.2M	$23.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.81	−0.011%	$199K	$931K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.67	−0.048%	$18K	$191K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.89	+0.011%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0011%	8h	375.84	−0.003%	$574K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.77	−0.022%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSLA	+0.0032%	1h	375.62	−0.061%	$804K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.62	−0.061%	$1.2M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.38	−0.125%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.70	−0.040%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.80	−0.013%	—	$126K	25x	as long as short
Variational Omni TSLA	+0.0046%	8h	375.72	−0.034%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USDlong	+0.0048%	1h	375.85	long leg	$1.2M	$6.2M	10x
tradeXYZ xyz:TSLA	+0.0050%	1h	375.41	−0.117%	$44.5M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.70	−0.040%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.77	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.63	−0.059%	$1.6M	$1.1M	10x	as long as short
BloFin TSLA-USDT	+0.0056%	8h	375.90	+0.013%	$580K	$358K	20x	as long as short
Bullet TSLA-USD	+0.0062%	1h	375.92	+0.019%	$6K	$92K	10x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	375.76	−0.023%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDTshort	+0.0073%	8h	375.71	−0.037%	$47.1M	$114.4M	25x
Pacifica TSLA	+0.0100%	1h	375.48	−0.098%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.61	−0.064%	$1.5M	$2.2M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.60	−0.067%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.83	−0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.85	0.000%	$744	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0106%	8h	375.91	+0.016%	$850K	$2.9M	10x	as long as short
Nado TSLA-PERP	+0.0149%	1h	375.69	−0.044%	$497K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.49	−0.096%	$506K	$353K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.008%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.89	+0.010%	$215K	$653K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.78	−0.019%	$1.3M	$507K	20x	as long as short