Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.046%

Price spread now: Gate against QFEX+0.029%7-day average +0.063% · 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−$43as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.029%, 7d avg +0.063%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.034% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	376.50	0.0028	pay 0.0004% / 1h	7m 22s	$1.2M	$6.9M	10x
Short	Gate TSLA_USDT	376.61	0	get 0.0000% / 8h	7h 07m	$2.4M	$3.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: −$5.9
Price spread: +0.029% → +0.063%: −$3.42
Slippage, 4 orders: −$14.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.95
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Gate: live order book, 6 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, 6 min ago	1.33 bp	6.3 bp −$6	6.3 bp −$63	12.1 bp −$1,211	doesn't fit
Sell Gate live order book, 6 min ago	1.20 bp	13.6 bp −$14	23.4 bp −$234	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	−0.0810%	4h	376.43	−0.018%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.37	−0.033%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.54	+0.010%	$479K	$10.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.63	+0.035%	$47.1M	$109.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.61	+0.029%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.63	+0.035%	$11.2M	$16.5M	25x	as long as short
Gate TSLA_USDTshort	0.0000%	8h	376.61	+0.029%	$2.4M	$3.9M	100x
Bitget TSLAUSDT	0.0000%	8h	376.53	+0.008%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.25	−0.066%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.49	−0.003%	$200K	$904K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.46	−0.011%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.57	+0.019%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0008%	8h	376.59	+0.024%	$573K	$339K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	376.23	−0.072%	$38K	$46K	10x	as long as short
QFEX TSLA-USDlong	+0.0028%	1h	376.50	long leg	$1.2M	$6.9M	10x
Lighter TSLA	+0.0032%	1h	376.61	+0.029%	$830K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.65	+0.040%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.35	−0.040%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.54	+0.011%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.369%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.38	−0.032%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.38	−0.032%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.52	+0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.32	−0.048%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0078%	1h	376.63	+0.035%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.59	+0.024%	$292K	$598K	20x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	376.34	−0.042%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.38	−0.032%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.31	−0.050%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.30	−0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.60	+0.027%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.51	+0.004%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0135%	1h	376.43	−0.020%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0138%	8h	376.58	+0.022%	$850K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.21	+0.189%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.58	+0.021%	$1.3M	$547K	20x	as long as short