Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.056%

Price spread now: GRVT against QFEX+0.039%117s7-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—prices read too far apart to compare

costs, in and out, $10k−$250.250% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.039%, 7d avg +0.054%

Together, before fees+0.057%+ Points / potential airdropGRVT: Active · farm board+$6 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: +$3 a day on $10k at the current rate. The two prices were read 117 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	375.98	0.0052	pay 0.0007% / 1h	33m 34s	$1.2M	$6.2M	10x
Short	GRVT TSLA_USDT_Perp	376.12	0.0155	get 0.0155% / 8h	2h 33m	$842K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.039%Rate

Funding earned: $21.61
Price spread: +0.039% → +0.054%: −$1.53
Slippage, 4 orders: −$5.99
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$4.91
Costs to cover: 0.250%
Break-even: 8.6 days

Slippage from QFEX: live order book, 5 min ago; GRVT: live order book, 5 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	0.80 bp	5.8 bp −$6	5.8 bp −$58	13.6 bp −$1,360	doesn't fit
Sell GRVT live order book, 5 min ago	0.13 bp	7.0 bp −$7	12.5 bp −$125	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	−0.0613%	4h	376.05	+0.019%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.16	+0.047%	$575K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.85	−0.034%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.95	−0.008%	$47.0M	$112.7M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.94	−0.011%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.85	−0.035%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.93	−0.013%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.08	+0.026%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.16	+0.048%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.98	0.000%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	+0.0016%	8h	375.99	+0.003%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDT	+0.0017%	8h	376.13	+0.040%	$577K	$354K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	376.03	+0.012%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.86	−0.032%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.75	−0.061%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.99	+0.003%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.73	−0.066%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.86	−0.032%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.89	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.56	−0.112%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDlong	+0.0052%	1h	375.98	long leg	$1.2M	$6.2M	10x
RISEx TSLA/USDC	+0.0054%	1h	376.00	+0.004%	$289K	$580K	20x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	375.70	−0.074%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.78	−0.053%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.84	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.76	−0.059%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.00	+0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.95	−0.009%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.040%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0144%	1h	375.90	−0.021%	$832K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perpshort	+0.0155%	8h	376.12	+0.039%	$842K	$2.8M	10x
Deribit TSLA_USDC-PERPETUAL	+0.0176%	1h	375.93	−0.013%	$18K	$193K	10x	as long as short
Bullet TSLA-USD	+0.0186%	1h	376.02	+0.011%	$5K	$89K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.63	+0.971%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0269%	1h	375.83	−0.040%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.10	+0.032%	$1.3M	$528K	20x	as long as short