Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h 0.000%

Price spread now: Lighter RH against Aster−0.002%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.048%−$5 · spread now −0.002%, 7d avg −0.046%

Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.045% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSLAUSDT	377.35	0	get 0.0000% / 8h	6h 14m	$578K	$196K	50x
Short	Lighter RH TSLA	377.34	0.0032	get 0.0004% / 1h	14m 02s	$1.2M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now −0.002%Rate

Funding earned: $6.72
Price spread: −0.002% → −0.046%: $4.46
Slippage, 4 orders: −$10.81
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.64
Costs to cover: 0.188%
Break-even: 15.0 days

Slippage from Aster: live order book, 54 min ago; Lighter RH: live order book, 4 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 Aster live order book, 54 min ago	1.33 bp	8.3 bp −$8	232.7 bp −$2,327	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	2.12 bp	2.2 bp −$2	3.6 bp −$36	45.6 bp −$4,557	doesn't fit

TSLA on 35 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	−0.0067%	4h	377.42	+0.019%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	−0.004%	$513K	$328K	10x	as long as short
Aster TSLAUSDTlong	0.0000%	8h	377.35	long leg	$578K	$196K	50x
Extended TSLA_24_5-USD	0.0000%	1h	377.30	−0.013%	$481K	$9.2M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.39	+0.011%	$47.4M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.42	+0.019%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.29	−0.015%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.43	+0.021%	$290K	$599K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	377.04	−0.081%	$34K	—	20x	as long as short
Variational Omni TSLA	0.0000%	8h	377.41	+0.016%	$1.9M	$1.4M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.40	+0.014%	$200K	$909K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.34	−0.001%	$5K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.22	−0.034%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.43	+0.022%	$1.1M	$15K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0002%	8h	377.59	+0.064%	$846K	$2.8M	10x	as long as short
Bitget TSLAUSDT	+0.0004%	8h	377.32	−0.007%	$17.0M	$22.9M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0007%	1h	377.30	−0.013%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.29	−0.015%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.31	−0.010%	$824K	$3.6M	20x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	377.34	−0.002%	$1.2M	$2.6M	20x
Arcus TSLA-USD	+0.0040%	1h	377.29	−0.015%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.40	+0.014%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.10	−0.065%	$44.3M	$14.2M	20x	as long as short
Gate TSLA_USDT	+0.0050%	8h	377.38	+0.009%	$2.3M	$3.8M	100x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.14	−0.055%	$301K	$311K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.31	−0.010%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.23	−0.031%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0097%	1h	377.24	−0.030%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.26	−0.023%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.28	−0.018%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.43	+0.022%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.30	−0.012%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.25	−0.026%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.46	+0.295%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.62	+0.072%	$1.3M	$539K	20x	as long as short