TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0309%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h +0.085%

Price spread now: Phoenix against QFEX+0.021%52s7-day average +0.072% · 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−$320.320% of the position

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.184%+$18 on $10k

Price spread, last 7 days+0.102%+$10 · spread now +0.021%, 7d avg +0.072%

Together, before fees+0.286%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.051% cheaper against QFEX than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.072%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). The two prices were read 52 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	378.13	0.0051	pay 0.0006% / 1h	28m 06s	$1.2M	$6.2M	10x
Short	Phoenix TSLA	378.21	0.0360	get 0.0045% / 1h	28m 06s	$1.3M	$484K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.021%Rate

Funding earned: $64.8
Price spread: +0.021% → +0.072%: −$5.07
Slippage, 4 orders: −$15.02
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $27.71
Costs to cover: 0.320%
Break-even: 4.0 days

Slippage from QFEX: live order book, 9 min ago; Phoenix: live order book, 3 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, 9 min ago	1.46 bp	6.5 bp −$6	7.4 bp −$74	11.8 bp −$1,182	doesn't fit
Sell Phoenix live order book, 3 min ago	2.64 bp	9.6 bp −$10	19.0 bp −$190	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	377.89	−0.063%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0032%	4h	377.98	−0.040%	$398K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.24	+0.029%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.19	+0.016%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.20	+0.019%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.19	+0.016%	$17.3M	$24.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	377.92	−0.056%	$201K	$985K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.95	−0.048%	$18K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.23	+0.026%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	377.92	−0.056%	$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	378.08	−0.013%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.180%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.91	−0.058%	$133K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.06	−0.019%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.86	−0.071%	$44.8M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.96	−0.045%	$301K	$134K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.12	−0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.87	−0.069%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USDlong	+0.0051%	1h	378.13	long leg	$1.2M	$6.2M	10x
Lighter TSLA	+0.0072%	1h	378.10	−0.008%	$808K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.05	−0.021%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.82	−0.082%	$1.4M	$4.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.80	−0.087%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.96	−0.045%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.18	+0.012%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.063%	$519K	$384K	10x	as long as short
Aster TSLAUSDT	+0.0119%	8h	378.28	+0.039%	$576K	$200K	50x	as long as short
Bullet TSLA-USD	+0.0143%	1h	378.21	+0.021%	$5K	$94K	10x	as long as short
Variational Omni TSLA	+0.0146%	8h	377.99	−0.038%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0160%	8h	378.21	+0.021%	$590K	$375K	20x	as long as short
Binance TSLAUSDT	+0.0175%	8h	378.24	+0.030%	$47.5M	$115.1M	25x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.12	−0.003%	$486K	$2.7M	10x	as long as short
Nado TSLA-PERP	+0.0183%	1h	378.00	−0.034%	$501K	$99K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.23	+0.026%	$229K	$634K	20x	as long as short
Phoenix TSLAshort	+0.0360%	1h	378.21	+0.021%	$1.3M	$484K	20x
GRVT TSLA_USDT_Perp	+0.0421%	8h	378.13	−0.001%	$847K	$2.9M	10x	as long as short