Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.013%

Price spread now: Bitget against QFEX+0.016%7-day average +0.049% · 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−$32as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.016%, 7d avg +0.049%

Together, before fees+0.051%+$5 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 Bitget is 0.033% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	377.98	0.0051	pay 0.0006% / 1h	30m 10s	$1.2M	$6.2M	10x
Short	Bitget TSLAUSDT	378.04	0	get 0.0000% / 8h	5h 30m	$17.3M	$24.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$10.72
Price spread: +0.016% → +0.049%: −$3.34
Slippage, 4 orders: −$6.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.56
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Bitget: live order book, 2 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, 7 min ago	1.46 bp	6.5 bp −$6	7.4 bp −$74	11.8 bp −$1,182	doesn't fit
Sell Bitget live order book, 2 min ago	0.26 bp	7.5 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit

TSLA on 36 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	376.97	−0.267%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0360%	4h	377.94	−0.011%	$398K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.13	+0.040%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.11	+0.034%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.06	+0.021%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	378.04	+0.016%	$17.3M	$24.1M	100x
StandX TSLA-USD	0.0000%	1h	377.83	−0.040%	$201K	$983K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.80	−0.048%	$18K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.09	+0.029%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	377.84	−0.036%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	377.95	−0.008%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.140%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.88	−0.026%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.00	+0.005%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.78	−0.053%	$44.8M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.84	−0.037%	$301K	$134K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.95	−0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.82	−0.042%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USDlong	+0.0051%	1h	377.98	long leg	$1.2M	$6.2M	10x
Lighter TSLA	+0.0064%	1h	377.97	−0.003%	$808K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.90	−0.021%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.76	−0.058%	$1.4M	$4.0M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.80	−0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.79	−0.050%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.02	+0.010%	$748	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.024%	$519K	$384K	10x	as long as short
Aster TSLAUSDT	+0.0119%	8h	378.18	+0.052%	$576K	$200K	50x	as long as short
Bullet TSLA-USD	+0.0140%	1h	378.08	+0.026%	$4K	$93K	10x	as long as short
Variational Omni TSLA	+0.0146%	8h	377.99	+0.002%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0153%	8h	378.06	+0.021%	$591K	$374K	20x	as long as short
Binance TSLAUSDT	+0.0175%	8h	378.04	+0.017%	$47.4M	$115.3M	25x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	377.95	−0.008%	$486K	$2.7M	10x	as long as short
Nado TSLA-PERP	+0.0182%	1h	377.81	−0.046%	$501K	$99K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.05	+0.018%	$229K	$634K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.02	+0.011%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0426%	8h	378.06	+0.022%	$847K	$2.9M	10x	as long as short