Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0254%/8h= +27.9% APRpaid last 24h +0.093%

Price spread now: Phoenix against Variational Omni+0.042%84s7-day average +0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.157%+$16 on $10k

Price spread, last 7 days+0.054%+$5 · spread now +0.042%, 7d avg +0.040%

Together, before fees+0.211%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 84 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	Variational Omni TSLA	377.08	0	get 0.0000% / 8h	5h 34m	$1.9M	$1.4M	—
Short	Phoenix TSLA	377.24	0.0254	get 0.0032% / 1h	34m 00s	$1.3M	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now +0.042%Rate

Funding earned: $53.42
Price spread: +0.042% → +0.040%: $0.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $46.65
Costs to cover: 0.070%
Break-even: 0.9 days

Slippage unknown: Variational Omni: RFQ quote, just now; Phoenix: live order book, 4 min ago. Net counts fees only.

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 Variational Omni RFQ quote, just now	2.00 bp	doesn't fit	7.4 bp −$74	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	3.45 bp	11.0 bp −$11	22.9 bp −$229	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	−0.0468%	4h	377.05	−0.007%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.18	+0.027%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.05	−0.007%	$479K	$7.2M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.16	+0.021%	$47.4M	$110.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.20	+0.031%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.15	+0.018%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.14	+0.017%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.08	0.000%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLAlong	0.0000%	8h	377.08	long leg	$1.9M	$1.4M	—
GRVT TSLA_USDT_Perp	0.0000%	8h	377.21	+0.033%	$846K	$2.8M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.14	+0.016%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.86	−0.059%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	+0.066%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.16	+0.021%	$1.1M	$15K	10x	as long as short
BloFin TSLA-USDT	+0.0011%	8h	377.33	+0.066%	$576K	$340K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	377.06	−0.006%	$38K	$43K	10x	as long as short
Hotstuff TSLA-PERP	+0.0016%	1h	376.76	−0.085%	$34K	—	20x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.06	−0.006%	$1.2M	$6.6M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.08	0.000%	$819K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.07	−0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.95	−0.035%	$161K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.05	−0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.80	−0.075%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.99	−0.024%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.05	−0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.88	−0.053%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0056%	1h	377.13	+0.012%	$6K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.04	−0.010%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.03	−0.014%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.92	−0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.87	−0.056%	$41K	$22K	20x	as long as short
Gate TSLA_USDT	+0.0104%	8h	377.12	+0.010%	$2.3M	$3.7M	100x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.01	−0.019%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0143%	1h	376.96	−0.033%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.30	+0.323%	$79K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0254%	1h	377.24	+0.042%	$1.3M	$539K	20x