Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.012%

Price spread now: Bybit against QFEX+0.056%7-day average +0.054% · 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−$28as in the Price arb table

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

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.056%, 7d avg +0.054%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.20	0.0030	pay 0.0004% / 1h	26m 59s	$1.2M	$7.1M	10x
Short	Bybit TSLAUSDT	375.41	0	get 0.0000% / 8h	1h 26m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$6.35
Price spread: +0.056% → +0.054%: $0.17
Slippage, 4 orders: −$7.52
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.7
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Bybit: live order book, 1 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	2.00 bp	7.0 bp −$7	7.2 bp −$72	11.3 bp −$1,125	doesn't fit
Sell Bybit live order book, 1 min ago	0.13 bp	7.1 bp −$7	11.9 bp −$119	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	−0.0491%	4h	375.23	+0.007%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.28	+0.022%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.19	−0.002%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.26	+0.016%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.41	+0.056%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.27	+0.019%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.33	+0.035%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.23	+0.008%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.20	0.000%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.15	−0.014%	$1.8M	$1.2M	—	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	375.22	+0.005%	$199K	$898K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	374.97	−0.061%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.24	+0.011%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0014%	1h	375.12	−0.023%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0017%	8h	375.29	+0.024%	$569K	$341K	20x	as long as short
QFEX TSLA-USDlong	+0.0030%	1h	375.20	long leg	$1.2M	$7.1M	10x
Lighter TSLA	+0.0032%	1h	375.21	+0.003%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.24	+0.011%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.14	−0.016%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.13	−0.019%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.02	−0.048%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.05	−0.040%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.21	+0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.02	−0.048%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0051%	1h	375.27	+0.018%	$6K	$91K	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	375.02	−0.048%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0061%	1h	375.05	−0.039%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.03	−0.045%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.07	−0.035%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.040%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.03	−0.045%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.19	−0.002%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0124%	8h	375.31	+0.030%	$847K	$2.7M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	−0.024%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.18	+0.261%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.34	+0.037%	$1.3M	$522K	20x	as long as short