Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.014%

Price spread now: Phemex against RISEx−0.021%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$760.763% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.021%, 7d avg −0.018%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TSLA/USDC	376.61	0.0054	pay 0.0007% / 1h	5m 08s	$217K	$618K	20x
Short	Phemex TSLAUSDT	376.53	0	get 0.0000% / 4h	2h 05m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$11.28
Price spread: −0.021% → −0.018%: −$0.36
Slippage, 4 orders: −$58.35
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$87.99
Costs to cover: 0.763%
Break-even: never at this rate

Slippage from RISEx: live order book, 43 min ago; Phemex: 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 RISEx live order book, 43 min ago	1.33 bp	4.3 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.80 bp	38.9 bp −$39	doesn't fit	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	−0.0344%	4h	376.60	−0.003%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.22	−0.104%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.47	−0.038%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.48	−0.036%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.59	−0.005%	$47.3M	$113.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.52	−0.024%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.52	−0.024%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.51	−0.027%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.54	−0.019%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.056%	$200K	$917K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDTshort	0.0000%	4h	376.53	−0.021%	$1.1M	$14K	10x
Gate TSLA_USDT	+0.0001%	8h	376.59	−0.005%	$2.3M	$3.6M	100x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	376.58	−0.008%	$572K	$355K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	376.31	−0.080%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.47	−0.037%	$1.3M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.27	−0.090%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.48	−0.035%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.26	−0.093%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.43	−0.048%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.47	−0.037%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.19	−0.112%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.51	−0.027%	$1.2M	$6.1M	10x	as long as short
RISEx TSLA/USDClong	+0.0054%	1h	376.61	long leg	$217K	$618K	20x
Pacifica TSLA	+0.0100%	1h	376.38	−0.061%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.22	−0.104%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.32	−0.077%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.52	−0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.40	−0.055%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.127%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0128%	1h	376.50	−0.029%	$829K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0179%	8h	376.61	0.000%	$855K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0185%	1h	376.59	−0.005%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.778%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0236%	1h	376.29	−0.086%	$488K	$110K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0255%	1h	376.41	−0.053%	$18K	$193K	10x	as long as short
Phoenix TSLA	+0.0298%	1h	376.74	+0.035%	$1.3M	$528K	20x	as long as short