Funding arb · Price arb / RWA

TSLA

RWAAll TSLA markets →

LONGRISEx▾Injective −0.0220%Phoenix −0.0120%BingX −0.0050%Aftermath Perps −0.0032%Nado −0.0028%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%AZverse +0.0008%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%Paradex +0.0048%Avantis +0.0050%tradeXYZ +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Polymarket Perps +0.0080%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%KuCoin +0.0113%BloFin +0.0120%Kraken Futures +0.0132%Bullet +0.0496%edgeX +0.0650%

⇄⇅

SHORTBackpack▾edgeX +0.0650%Bullet +0.0496%Kraken Futures +0.0132%BloFin +0.0120%KuCoin +0.0113%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%Polymarket Perps +0.0080%Ondo Perps +0.0050%Avantis −0.0050%tradeXYZ +0.0050%SoDEX +0.0050%Paradex +0.0048%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%AZverse +0.0008%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%Nado −0.0028%Aftermath Perps −0.0032%BingX −0.0050%Phoenix −0.0120%Injective −0.0220%Backpack −0.0478%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	RISExTSLA/USDC2	400.08	0	0.0000% / 1h	5m 42s	$397K	$502K	20x	Long RISExInvite
SHORT	BackpackTSLA.US_USDC_PERP	399.10	−0.0478	pay 0.0060% / 1h	5m 42s	$76K	$366K	10x	Short Backpack

Price gap−0.245%

Funding gap−0.0478% /8h

Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.099% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.036% in total, about −0.0017%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.245%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

RISExBackpack

TSLA on 46 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Large against open interest3.9 / 6.9 bp

  $10k is over 10% of Backpack’s open interest.
• i
  Note: Margin at max leverage$500 + $1,000

  RISEx 20x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long RISEx · 1h$0.00

  Short Backpack · 1h−$14.34

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$14.34Long RISEx: 24 payments, $0.00; short Backpack: 24 payments, −$14.34.
• !
  Watch: Gap narrower than usual−0.245% vs −0.146%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$76K vs $397K OI

  Backpack sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCRISEx No · Backpack Yes

  KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0017%/8h × 21 periods−$3.62

Price spread−0.245% → −0.146% (7d avg)−$9.86

Slippage, 4 orderslive order books−$5.78

Fee RISEx bp × 2 orders−$6.00

Fee Backpack bp × 2 orders−$10.00

Net · 7 days · $10k−$35.26

Costs to cover0.218%Break-evennever at this rate

Slippage: RISEx: live order book, 11 min ago; Backpack: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGRISEx0.883.9 bp−$45.1 bp−$51doesn’t fitdoesn’t fit

SELL · SHORTBackpack0.136.9 bp−$755.8 bp−$558doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

TSLA news

posts that mention TSLA or Tesla, from every exchangeSearch all news →

10-30 03:23	KuCoin	Contest	Unlock NVDA, TSLA Rewards with TradFi Futures Spin. $100K Prize Pool. 25 more stock trading pairs added to our wide range of categories, from AI & chips, Big Tech, Pre-market, Metals to HK & Korea. Every trade counts toward your spins. → @kucoincom on X ↗
10-29 14:35	Kalshi	Other	JUST IN: Elon Musk says the $29,799 Mac Studio makes a Tesla "quite affordable" @Kalshi on X ↗
10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 14:26	Kalshi	Other	JUST IN: Tesla posts 5 job openings in Vietnam for sales, service and charging @Kalshi on X ↗
10-28 14:04	Injective	Token	The Injective Stockdrop is LIVE! The $INJ Community BuyBack is complete, nearing 7.3 million INJ burned to-date. Now, for the first time ever, participants can also earn tokenized stocks on Solana. Check the Injective Hub to see if you got in and claim your reward, from Nvidia to Tesla and more. @injective on X ↗
10-27 22:27	BingX	Other	Tesla's bullish momentum is picking up speed rocket 🚀 Barclays raised its $TSLA price target to $450 as Robotaxi continues expanding. Here's what's driving the upside 👇 @BingXOfficial on X ↗