Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0880%/8h= −96.3% APRpaid last 24h −0.175%

Price spread now: edgeX against tradeXYZ+0.090%106s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.381% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.090%, 7d avg +0.044%

Together, before fees−0.245%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.046% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.044%): +$5 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.160% in total) that is about 2.0 days. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:TSLA	376.11	0.0050	pay 0.0006% / 1h	5m 51s	$44.3M	$14.4M	20x
Short	edgeX TSLAUSDC	376.45	−0.0830	pay 0.0415% / 4h	5m 51s	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$184.77
Price spread: +0.090% → +0.044%: $4.6
Slippage, 4 orders: −$11.14
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$218.31
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; edgeX: 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 tradeXYZ live order book, 4 min ago	0.27 bp	9.8 bp −$10	10.3 bp −$103	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	4.38 bp	9.1 bp −$9	12.1 bp −$121	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 TSLAUSDCshort	−0.0830%	4h	376.45	+0.090%	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	376.54	+0.114%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.33	+0.058%	$481K	$3.1M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.41	+0.080%	$47.3M	$111.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.52	+0.109%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.43	+0.085%	$11.3M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.50	+0.105%	$290K	$583K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.42	+0.082%	$17.0M	$23.0M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.41	+0.080%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.49	+0.101%	$200K	$906K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	376.51	+0.106%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0007%	8h	376.64	+0.141%	$578K	$352K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.31	+0.053%	$20K	$189K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	376.51	+0.105%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.39	+0.074%	$815K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.38	+0.072%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	376.14	+0.008%	$34K	—	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.38	+0.072%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.30	+0.051%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.39	+0.074%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLAlong	+0.0050%	1h	376.11	long leg	$44.3M	$14.4M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	376.34	+0.061%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.38	+0.072%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.15	+0.011%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0056%	8h	376.59	+0.127%	$854K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	+0.090%	$512K	$330K	10x	as long as short
Bullet TSLA-USD	+0.0061%	1h	376.45	+0.091%	$4K	$91K	10x	as long as short
Gate TSLA_USDT	+0.0064%	8h	376.49	+0.101%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.25	+0.038%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.30	+0.051%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.30	+0.051%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.22	+0.029%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.38	+0.071%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0154%	1h	376.29	+0.047%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.420%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.61	+0.133%	$1.3M	$539K	20x	as long as short